Background of the Study
Forensic accounting refers to the application of accounting principles and investigative techniques to detect and prevent fraud, financial mismanagement, and financial crime. In the context of Nigerian banks, forensic accounting is becoming increasingly vital in identifying discrepancies in financial records, preventing fraud, and enhancing accountability in financial management. Access Bank Plc, one of Nigeria's leading banks, has invested in forensic accounting practices to safeguard its financial resources and mitigate risks associated with fraud and financial mismanagement (Adegoke & Olamide, 2024). This study seeks to evaluate the effectiveness of forensic accounting techniques in preventing financial mismanagement at Access Bank, assessing how these practices contribute to the detection of financial irregularities and strengthening the institution's financial integrity.
Statement of the Problem
Financial mismanagement and fraud are persistent challenges in the banking sector, despite advances in financial reporting systems and internal controls. While forensic accounting is widely regarded as a powerful tool for preventing such issues, its impact on financial mismanagement in Nigerian banks, especially Access Bank, has not been extensively researched. This study aims to investigate how forensic accounting techniques are applied at Access Bank Plc and assess their effectiveness in preventing financial mismanagement.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
This study will focus on Access Bank Plc and the application of forensic accounting techniques within the organization. Data will be gathered through interviews with forensic accountants, financial reports, and case studies of financial mismanagement detected through forensic accounting. Limitations may include difficulty in accessing sensitive case data and potential biases in responses from internal staff.
Definitions of Terms