Abstract: THE IMPACT OF FORENSIC ACCOUNTING ON ORGANIZATIONAL GOVERNANCE
This study aims to investigate the impact of forensic accounting on organizational governance. The objectives are to determine how forensic accounting practices enhance transparency and accountability, to assess the role of forensic accountants in fraud detection and prevention, and to evaluate the influence of forensic accounting on organizational decision-making processes. A survey research design was adopted to collect primary data from relevant stakeholders, as this method allows for comprehensive and diverse insights into the research topic. The sample size was derived using Taro Yamane's formula, resulting in a sample of 250 respondents, ensuring representativeness and statistical validity. The case study of Lagos, Nigeria, was selected due to its high concentration of corporate organizations and a significant number of forensic accounting professionals. The reliability coefficient score for the survey instrument was calculated to be 0.87, indicating high reliability. Findings reveal that forensic accounting significantly improves organizational governance by promoting transparency, enhancing accountability, and aiding in fraud detection and prevention. It was also found that organizations with robust forensic accounting practices make more informed and ethical decisions. The study recommends that organizations should integrate forensic accounting into their governance framework and provide continuous training for their accounting staff to keep up with evolving forensic techniques.
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