The role of forensic accounting in combating election fund mismanagement in Nigeria: A case study of INEC.
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Election fund mismanagement is a prevalent issue in Nigeria, where inadequate financial oversight and corruption often undermine the electoral process. The Independent National Electoral Commission (INEC), tasked with organizing and overseeing elections, has faced significant challenges in managing election funds transparently and effectively. The misuse of election funds, misallocation of resources, and lack of accountability can jeopardize the integrity of the election process, leading to public distrust and questioning the credibility of electoral outcomes (Olaide & Adebayo, 2024).
Forensic accounting plays a critical role in ensuring transparency and accountability in the management of election funds. By applying forensic techniques, forensic accountants can track election-related transactions, detect financial irregularities, and prevent mismanagement. This study aims to examine the role of forensic accounting in combating election fund mismanagement in Nigeria, with a specific focus on INEC, to assess whether forensic accounting can contribute to ensuring the proper use of election funds.
Statement of the Problem
The mismanagement of election funds in Nigeria has contributed to the inefficiency and perceived corruption within the electoral system. Despite INEC’s efforts to manage election funds, there are persistent concerns about the misuse of resources, lack of transparency, and financial misconduct. This study seeks to evaluate the role of forensic accounting in addressing election fund mismanagement within INEC, focusing on the techniques used to detect fraud, the challenges encountered, and the impact of forensic accounting on improving financial accountability.
Objectives of the Study
-
To examine the role of forensic accounting in detecting election fund mismanagement within INEC.
-
To assess the effectiveness of forensic accounting techniques in preventing election fund mismanagement in Nigeria.
-
To identify the challenges faced by forensic accountants in investigating election fund mismanagement in Nigeria.
Research Questions
-
What role does forensic accounting play in detecting election fund mismanagement within INEC?
-
How effective are forensic accounting techniques in preventing election fund mismanagement in Nigeria?
-
What challenges do forensic accountants face when investigating election fund mismanagement in Nigeria?
Research Hypotheses
-
Forensic accounting is effective in detecting election fund mismanagement within INEC.
-
Forensic accounting techniques significantly contribute to preventing election fund mismanagement in Nigeria.
-
Forensic accountants face significant challenges in investigating election fund mismanagement in Nigeria.
Scope and Limitations of the Study
This study will focus on forensic accounting’s role in addressing election fund mismanagement within INEC. It will examine the effectiveness of forensic techniques in detecting fraud, improving financial transparency, and preventing mismanagement. Limitations include access issues to sensitive election-related financial data and the potential reluctance of staff to cooperate in investigations involving financial irregularities.
Definitions of Terms
-
Forensic Accounting: The application of accounting and investigative skills to detect and investigate financial fraud and misconduct.
-
Election Fund Mismanagement: The improper or fraudulent handling of funds allocated for electoral activities, including misappropriation, over-spending, and lack of accountability.
-
Independent National Electoral Commission (INEC): The government agency responsible for organizing and overseeing elections in Nigeria.
Related Project Materials
Exploring the Role of Media Ethics in Protecting Victims of Crime in Gombe Local Government Area, Gombe State
Background of the Study
In the field of journalism, the ethical responsibility of protecting the dignity and privacy of...
An evaluation of corporate governance frameworks in Islamic banking
Background of the Study
In recent years, corporate governance has emerged as a critical area of concern i...
An Investigation of Adherence to Lifestyle Modification Among Diabetic Patients Receiving Nurse-Led Education at State Specialist Hospital, Kano
Background of the Study
Diabetes mellitus is a chronic metabolic disorder that requires comprehensive management strategies, including li...
The Impact of Digital Technology on Entrepreneurship in Zuru Local Government Area, Kebbi State
Chapter One: Introduction
1.1 Background of the Study
The r...
AN ASSESSMENT ON THE IMPACT OF INDUTRIALIZATION ON ECONOMIC GROWTH IN NIGERIA
BACKGROUND OF THE STUDY
Most developing nations define industrialization as a central objective of their economic policy they see; indust...
Evaluating the Impact of Cultural Tourism on Local Economies in Nigeria
Background of the Study
Cultural tourism has emerged as a pivotal sector in many emerging economies, harn...
An examination of food insecurity and its impact on public health in Taraba State
Background of the Study:
Food insecurity, defined as the limited or uncertain availability of nutritionally adequate and sa...
An Assessment of the Role of Artificial Intelligence in Improving Nursing Diagnostics at Ahmadu Bello University Teaching Hospital, Zaria
Background of the Study
Artificial Intelligence (AI) has become an essential tool in healthcare, offering the potential to revolutionize...
Design of a Predictive Analytics Model for University Student Learning Outcomes in Federal University Gashua, Yobe State
Background of the Study
Improving student learning outcomes is a central objective for higher education institutions, and...
An investigation of Shariah compliance auditing practices in Islamic banking
Background of the Study
Shariah compliance auditing is integral to maintaining the integrity and credibil...
