FORENSIC ACCOUNTING AS A TOOLFOR FRAUD DETECTION AND PREVENTION IN NIGERIA
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- NGN 3000
ABSTRACT
This study was carried out to examine forensic accounting as a tool for fraud detection and prevention in Nigeria in Surulere Local Government, Lagos State. Specifically, the study examined the role of Forensic Accountant in an organization. The study also examine the possibility of reducing the occurrence of fraud cases using Forensic Accounting. Furthermore , the study find out whether Forensic Accountant can help in detecting and preventing fraud in the Public Sector. Lastly, the study examine if there is significance difference between Forensic Accountants and External Auditors. The study employed the survey descriptive research design. A total of 30 responses were validated from the survey. From the responses obtained and analyzed, the findings revealed that there is a possibility of reducing the occurrence of fraud cases using Forensic Accounting. Also Forensic Accountant help in detecting and preventing fraud in the Public Sector. Lastly, there is no significance difference between Forensic Accountants and External Auditors. The study hereby recommend that eradication of economic and financial crime through the adoption of forensic accounting in the system will improve the image of organizations. Also, detection and prevention of corruption have given rise to the profession of forensic accounting. Lastly, Due to this fact, the most important thing organizations in Nigeria have to do with regard to fraud is to prevent the crime from being committed.
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