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THE PROSPECTS OF INVESTIGATIVE DATA ANALYSIS IN FORENSIC ACCOUNTING ENGAGEMENTS

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 5000

Abstract: THE PROSPECTS OF INVESTIGATIVE DATA ANALYSIS IN FORENSIC ACCOUNTING ENGAGEMENTS

This research examines the prospects of investigative data analysis in forensic accounting engagements, focusing on its potential benefits, implementation challenges, and impact on fraud detection. A survey design was used, involving 340 forensic accountants and data analysts in Lagos, selected using Taro Yamane's formula. The survey instrument achieved a reliability coefficient score of 0.91. Findings suggest that investigative data analysis significantly enhances the ability to detect complex fraud patterns, though challenges such as data privacy concerns and the need for advanced technical skills were noted. The study recommends investing in data analysis tools and training forensic accountants in data analytics to fully leverage its benefits in forensic investigations.





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