THE ROLE OF FORENSIC ACCOUNTANTS IN FORENSIC TECHNOLOGY
- Project Research
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- Abstract : Available
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- Recommended for : Student Researchers
- NGN 5000
Abstract: THE ROLE OF FORENSIC ACCOUNTANTS IN FORENSIC TECHNOLOGY
This study investigates the role of forensic accountants in the utilization and advancement of forensic technology, focusing on its impact on fraud detection and financial investigations. The objectives are to assess the contribution of forensic accountants to technological advancements in the field, to evaluate the effectiveness of forensic technology in fraud detection, and to identify the challenges faced in its implementation. A survey research design was employed, with data collected from 340 forensic accountants in Lagos. The sample size was derived using Taro Yamane's formula, ensuring a representative sample. The reliability coefficient score of the survey was 0.88. Findings indicate that forensic accountants play a crucial role in the development and application of forensic technologies, significantly enhancing fraud detection and investigation capabilities. However, challenges such as high costs and the need for specialized training hinder widespread adoption. Recommendations include promoting partnerships between accounting firms and technology providers to develop cost-effective forensic solutions and increasing investment in training programs to equip forensic accountants with the necessary technological skills.
