FRAUDULENT ACTIVITIES DETECTION AND PREVENTION IN FIDUCIARY ACCOUNTING
Abstract: Detecting and preventing fraudulent activities are critical functions of fiduciary accounting, ensuring the protection of clients' assets. This study aims to (1) explore the techniques used by fiduciary accountants to detect and prevent fraud, (2) evaluate the effectiveness of these techniques, and (3) identify areas for improvement in fraud prevention strategies. A survey research design was selected to gather comprehensive data from fiduciary accountants on their anti-fraud practices. The sample size, calculated using Taro Yamane’s formula, consists of 200 fiduciary accountants, ensuring a 95% confidence level and a 5% margin of error. The case study focuses on a financial services firm in Abuja, known for its robust fraud prevention measures. The reliability coefficient score for the survey was 0.91, indicating excellent reliability. Findings indicate that while current fraud detection techniques are effective, there is a need for continuous innovation to stay ahead of sophisticated fraudulent schemes. The study recommends that fiduciary accounting firms integrate advanced analytics and artificial intelligence into their fraud prevention frameworks and provide ongoing training to their staff.
ABSTRACT
Three multimix complementary diets were prepared from local foodstuffs i.e. maize (Zea mays), acha grain (Digitaria exilis) rice...
Abstract:
This study examines the role of data analytics in detecting financial reporting anomalies in...
ABSTRACT
Election petition is the only viable and recognized alternative open to any person or party dissatisfied with the conduct of an...
Chapter One: Introduction
1.1 Background of the Study
Employee well-being has become a crucial f...
ABSTRACT
The issue of news coverage in Nigeria has generated interest from all works of life. Argument arise as a result...
INTRODUCTION:
Omu-Aran is the mo...
Background of the Study
Foreign Direct Investment (FDI) plays a crucial role in driving economic growth, particularly in...
Diarrhea remains one of the leading causes of morbidity and mortality among c...
Abstract
"Without information there is no accountability, Information is power and the more peopl...
Background of the Study
Public-Private Partnerships (PPPs) have become a key strategy for addressing the housing deficit in...