The impact of forensic accounting on reducing corporate fraud in Nigerian manufacturing firms: A case study of Nigerian Breweries Plc.
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Background of the Study
Corporate fraud remains a significant issue for many Nigerian manufacturing firms, particularly in large companies like Nigerian Breweries Plc. Manufacturing firms in Nigeria are often vulnerable to fraud due to weak internal controls, inadequate financial oversight, and lack of transparency in financial reporting (Akinyemi & Okafor, 2024). Nigerian Breweries Plc, a subsidiary of Heineken, is one of the largest and most influential manufacturing companies in Nigeria, with a large network of employees, suppliers, and customers. Despite its size and importance, Nigerian Breweries has experienced several instances of corporate fraud, such as procurement fraud, financial misreporting, and embezzlement of funds.
Forensic accounting is an essential tool for detecting and preventing corporate fraud in Nigerian manufacturing firms. By applying investigative accounting techniques, forensic accountants can uncover fraudulent activities and ensure that financial records are accurate and comply with regulatory standards (Adewale, 2025). Nigerian Breweries Plc, as a leading company in the manufacturing sector, has the opportunity to enhance its corporate governance and financial integrity through the use of forensic accounting practices.
This study aims to assess the impact of forensic accounting on reducing corporate fraud in Nigerian Breweries Plc by examining how forensic accounting techniques are applied to detect, investigate, and prevent fraud within the company.
Statement of the Problem
Corporate fraud in Nigerian manufacturing firms, particularly in Nigerian Breweries Plc, has led to financial losses, reputational damage, and a decline in stakeholder trust (Akinyemi & Okafor, 2024). Despite efforts to improve financial oversight and governance, instances of procurement fraud, financial misreporting, and embezzlement continue to persist. The lack of effective forensic accounting practices in detecting and preventing corporate fraud has contributed to these ongoing issues. Without proper forensic accounting measures, fraudulent activities go undetected, further exacerbating the problem of corporate fraud.
This study seeks to explore the role of forensic accounting in reducing corporate fraud in Nigerian Breweries Plc and assess how these practices contribute to improving financial integrity and corporate governance within the company.
Objectives of the Study
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To assess the impact of forensic accounting on reducing corporate fraud in Nigerian Breweries Plc.
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To evaluate the effectiveness of forensic accounting practices in detecting and investigating fraudulent activities in Nigerian Breweries Plc.
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To identify the challenges Nigerian Breweries Plc faces in implementing forensic accounting practices to prevent corporate fraud.
Research Questions
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How effective is forensic accounting in reducing corporate fraud in Nigerian Breweries Plc?
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What impact do forensic accounting practices have on detecting fraudulent activities in Nigerian Breweries Plc?
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What challenges does Nigerian Breweries Plc face in implementing forensic accounting practices to prevent corporate fraud?
Research Hypotheses
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Forensic accounting significantly reduces corporate fraud in Nigerian Breweries Plc.
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Forensic accounting practices significantly improve the detection of corporate fraud in Nigerian Breweries Plc.
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The challenges faced by Nigerian Breweries Plc in implementing forensic accounting practices significantly affect the reduction of corporate fraud.
Scope and Limitations of the Study
This study will focus on Nigerian Breweries Plc, specifically investigating how forensic accounting practices are applied to reduce corporate fraud within the company. The study will examine the use of forensic accounting tools to detect, investigate, and prevent fraud in areas such as procurement and financial reporting. The study is limited to Nigerian Breweries Plc and may not be applicable to other manufacturing companies in Nigeria.
The main limitation is the potential difficulty in obtaining detailed internal financial data due to confidentiality and security concerns. Additionally, the study will rely on interviews and secondary data, which may not fully reflect all aspects of corporate fraud detection and prevention.
Definitions of Terms
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Forensic Accounting: The application of accounting principles to investigate and detect fraud, financial misconduct, and irregularities (Adewale, 2025).
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Corporate Fraud: The act of financial misconduct or fraudulent activities, such as embezzlement, procurement fraud, or financial misreporting, within an organization (Akinyemi & Okafor, 2024).
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Nigerian Breweries Plc: A leading Nigerian manufacturing company, primarily engaged in the production of beverages and food products, including soft drinks and dairy products.
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