An Evaluation of Forensic Accounting in Monitoring Pharmaceutical Supply Chains: A Study of Jega Local Government, Kebbi State
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Background of the Study
Pharmaceutical supply chains play a critical role in ensuring the availability of essential medications and health supplies to communities. In Nigeria, these supply chains are often susceptible to fraud, corruption, and inefficiency, which can lead to shortages of essential medicines, inflated prices, or the diversion of drugs to unauthorized markets. Forensic accounting can help track and monitor financial transactions within pharmaceutical supply chains, uncover fraudulent activities, and enhance transparency.
This study evaluates the role of forensic accounting in monitoring pharmaceutical supply chains in Jega Local Government, Kebbi State. It explores how forensic accounting techniques can be used to identify financial irregularities in drug procurement, distribution, and sales.
Statement of the Problem
The pharmaceutical supply chain in Nigeria has been plagued by issues such as drug diversion, inflated invoicing, and the sale of expired or counterfeit drugs. This study investigates how forensic accounting can help monitor these supply chains, detect fraud, and ensure that drugs are delivered safely and cost-effectively to the people who need them.
Aim and Objectives of the Study
1. To evaluate the role of forensic accounting in monitoring pharmaceutical supply chains in Jega Local Government.
2. To assess the effectiveness of forensic accounting in identifying financial irregularities within the pharmaceutical supply chain.
3. To explore the challenges and barriers to implementing forensic accounting in the monitoring of pharmaceutical supply chains.
Research Questions
1. How effective is forensic accounting in monitoring pharmaceutical supply chains in Jega Local Government?
2. What forensic accounting techniques are most effective in identifying financial irregularities within pharmaceutical supply chains?
3. What challenges do forensic accountants face when monitoring pharmaceutical supply chains in Jega Local Government?
Research Hypotheses
1. H₀: Forensic accounting is not significantly effective in monitoring pharmaceutical supply chains in Jega Local Government.
2. H₀: Forensic accounting techniques do not significantly help in identifying financial irregularities in pharmaceutical supply chains.
3. H₀: There are no significant challenges in implementing forensic accounting techniques to monitor pharmaceutical supply chains in Jega Local Government.
Significance of the Study
The study will provide important insights into how forensic accounting can enhance the integrity of pharmaceutical supply chains. The findings will help policymakers, healthcare providers, and regulatory agencies improve the transparency and efficiency of drug procurement and distribution, ultimately improving public health outcomes.
Scope and Limitation of the Study
The study will focus on the pharmaceutical supply chains in Jega Local Government, Kebbi State. Limitations include the potential difficulty in accessing sensitive data related to drug procurement and distribution and the challenge of obtaining accurate records from suppliers.
Definition of Terms
• Forensic Accounting: The use of accounting skills to detect and investigate financial fraud and irregularities.
• Pharmaceutical Supply Chain: The system of processes involved in the procurement, distribution, and sale of drugs and medical supplies.
• Financial Irregularities: Any discrepancies or fraudulent activities in financial transactions, such as inflated invoices, diversion of funds, or misappropriation of resources.
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