AUTOMATED FORENSIC AUDITING AND FRAUD CONTROL IN NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- ANOVA
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
EXCERPT FROM THE STUDY
Nigeria seems to have acquired a name that is synonymous with corruption. As a nation, it has carved out for itself the reputation of the most corrupt in the world. Our treatment in international politics as a parish state can either be reversed nor (and our call for foreign investors) be meaningful if corruption is left un-embattled in Nigeria Chukwumaeze (2000).
However the quest to combat this economic monster called fraud brought about the concept of forensic auditing as well as Economic and Financial Crime Commission (EFCC) that are out to reduce the incessant occurance of fraud in our financial system which has hampered the progress o organization’s objectives and loss of confidence by investors who prefer to invest abroad rather than risk their resources in a country like Nigeria where fraud is perpetrated by many. Owing to this, Gbadamosi (2008) is of the opinion that fraud has become a pandemic disease, surpassing geopolitical boundaries, race, ideology or the level of economic development. Although, with determination and little effort, fraud can be managed to limit financial losses as well as fraustrate and expose the criminals that victimize us all. Ezeilo (2010).
However, the automated forensic tools which was discussed earlier in this research work has being a helpful tool for identifying root cause of fraudulent practices and facilitation of security measures in organizations. It also ensures the validity and reliability of information used in curbing fraudulent acts.
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