An examination of forensic accounting techniques in combating employee fraud: A study of Dangote Cement Plc
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Background of the Study
Forensic accounting plays an essential role in combating fraud within large organizations, including those in the manufacturing sector. Employee fraud is one of the most pervasive forms of fraud, often leading to significant financial losses and reputational damage to organizations (Adeyemi & Olajide, 2023). Dangote Cement Plc, one of the largest cement manufacturers in Africa, has faced challenges in addressing employee fraud within its operations, ranging from financial misreporting to asset misappropriation (Oluwaseun, 2024). The scale of the company’s operations, combined with a large workforce, makes it particularly susceptible to internal fraud, which can undermine its financial stability and damage its public image.
Forensic accounting has proven to be a valuable tool in detecting and preventing employee fraud within organizations (Bassey, 2023). By utilizing techniques such as financial auditing, forensic data analysis, and employee monitoring, forensic accountants can identify fraudulent activities and gather evidence to support legal proceedings (Hussain, 2025). Despite the increasing use of forensic accounting in Nigerian businesses, there is limited research focusing on its application in preventing employee fraud within manufacturing companies such as Dangote Cement Plc. This study seeks to examine the forensic accounting techniques employed by Dangote Cement Plc to combat employee fraud, evaluating their effectiveness and identifying any challenges faced by the company in using these techniques.
Statement of the Problem
Employee fraud remains a significant issue in large organizations, including Dangote Cement Plc. Fraudulent activities such as embezzlement, bribery, and financial misreporting can have devastating consequences on an organization’s profitability and reputation (Eze & Okafor, 2024). While forensic accounting has been identified as a critical tool in detecting and preventing employee fraud, its application in Dangote Cement Plc has not been comprehensively studied. There is limited knowledge about how forensic accounting techniques are utilized within the company to prevent fraud and the specific challenges encountered in their implementation (Okunola, 2023). This study aims to fill this gap by examining the role of forensic accounting in combating employee fraud within Dangote Cement Plc.
Objectives of the Study
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To examine the forensic accounting techniques employed by Dangote Cement Plc in combating employee fraud.
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To assess the effectiveness of forensic accounting techniques in preventing employee fraud at Dangote Cement Plc.
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To identify the challenges faced by Dangote Cement Plc in implementing forensic accounting measures to combat employee fraud.
Research Questions
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What forensic accounting techniques are employed by Dangote Cement Plc to combat employee fraud?
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How effective are forensic accounting techniques in preventing employee fraud at Dangote Cement Plc?
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What challenges does Dangote Cement Plc face in implementing forensic accounting measures to combat employee fraud?
Research Hypotheses
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Forensic accounting techniques significantly reduce employee fraud at Dangote Cement Plc.
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Forensic accounting techniques are effective in detecting and preventing employee fraud at Dangote Cement Plc.
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Dangote Cement Plc faces significant challenges in implementing forensic accounting measures to combat employee fraud.
Scope and Limitations of the Study
This study focuses on examining the role of forensic accounting in preventing employee fraud within Dangote Cement Plc. The research is limited to the company's operations and does not extend to other companies in the manufacturing sector. Limitations include access to sensitive data on fraud incidents and potential biases in responses from employees and management. Additionally, the study may be limited by the time frame, which may restrict the examination of long-term trends in the effectiveness of forensic accounting measures.
Definitions of Terms
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Forensic Accounting: The use of accounting skills and investigative techniques to detect and prevent fraud within an organization.
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Employee Fraud: Fraud committed by employees within an organization, which includes theft, embezzlement, and financial misreporting.
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Dangote Cement Plc: A leading cement manufacturer in Africa, with operations in several countries and a large workforce.
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