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THE ROLE OF FORENSIC ACCOUNTANTS IN FRAUD RISK MANAGEMENT

  • Project Research
  • 1-5 Chapters
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  • Abstract : Available
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  • Recommended for : Student Researchers
  • NGN 3000

Abstract: THE ROLE OF FORENSIC ACCOUNTANTS IN FRAUD RISK MANAGEMENT

This study explores the role of forensic accountants in managing fraud risk within organizations, with objectives including evaluating their involvement in risk assessment, examining the strategies they employ for risk mitigation, and identifying the challenges faced. Utilizing a survey research design, data was collected from 350 forensic accountants in Abuja, a major economic hub. The sample size was derived using Taro Yamane's formula, ensuring a representative sample. The reliability coefficient score of the survey was 0.89. Findings indicate that forensic accountants play a critical role in identifying and assessing fraud risks, employing various analytical and investigative techniques to mitigate these risks. However, challenges such as limited resources and resistance from organizational management can hinder their effectiveness. Recommendations include enhancing collaboration between forensic accountants and organizational leadership and investing in advanced analytical tools and continuous professional development to improve fraud risk management capabilities.





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