FORENSIC ACCOUNTING TECHNIQUES FOR DETECTING FINANCIAL FRAUD IN PUBLIC COMPANIES
This research focuses on the forensic accounting techniques used to detect financial fraud in public companies. The objectives are to identify the most effective forensic accounting techniques, to evaluate the role of forensic accountants in detecting and preventing financial fraud, and to analyze the challenges faced in implementing these techniques. A survey research design was chosen to collect data from forensic accounting professionals and financial auditors. Using Taro Yamane's formula, a sample size of 240 respondents was selected to ensure statistical accuracy. Lagos, Nigeria, was chosen as the case study due to its high incidence of financial fraud cases and the presence of numerous public companies. The survey instrument achieved a reliability coefficient score of 0.89, indicating strong reliability. Findings reveal that techniques such as data analysis, forensic auditing, and fraud risk assessment are highly effective in detecting financial fraud. Forensic accountants play a crucial role in identifying fraudulent activities and recommending preventive measures. However, the study also highlights challenges such as limited access to data, resistance from within organizations, and the need for continuous professional development. The study recommends that public companies invest in forensic accounting training for their staff and implement robust internal controls to prevent financial fraud.
BACKGROUND OF THE STUDY
Education is a key factor for sustainable development (Chimombo, 2005). The significance...
ABSTRACT
The main focus of this study is to examine the effect of banditry on rural-urban migration using Kaduna...
Statement of the Problem
The industrialization act of 1976 forced the doors open for the multiplication and establishment of small and me...
ABSTRACT
The study examined the effects of information technology on the performance of secretaries in the front office....
THE ROLE OF PUBLIC ACCOUNTANTS IN RISK ASSESSMENT AND MANAGEMENT
The objectives of this study are to: 1) Evaluate the role of public acco...
It is widely believed that all tests will one day...
Abstract: The effectiveness of virtual reality (VR) in vocational training simulations is p...
The laws which govern employment occupy a position of considerable importance in any modern society. This is so because of the tremendous contribut...
ABSTRACT
This study investigated the effects of problem-solving and co-operative teaching methods on academic performance of secondary sc...
Abstract
Pay constitutes an integral part of the success of any organization. It motivates employees to...