Forensic Accounting and Incidence of Fraud Detection: Evidence from Nigeria

Bello Umar, Umar Abbas Ibrahim and Peter Eriki
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Bello Umar: Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria
Umar Abbas Ibrahim: Department of Business Administration, Nile University of Nigeria
Peter Eriki: Department of Business Administration, Nile University of Nigeria, Abuja, Nigeria

International Journal of Finance & Banking Studies, 2020, vol. 9, issue 2, 72-81

Abstract: The study described and explained forensic accounting and the incidence of fraud detection in Nigeria. The objectives of this study were to identify personal skills requirements and, assess the types of investigative techniques used in forensic accounting. A literature review was conducted to set up the conceptual and theoretical framework for the study. A quantitative approach was used by administering a structuredquestionnaire. A total of 101 investigators from Economic and Financial Crimes Commission (EFCC) were used as sample for the study. We employed Jarque Bera statistics to conduct the analysis using the E views software. There is a significant relationship between forensic accounting personal skills; investigative techniques and fraud detection in Nigeria. The scope of the study was only in Nigeria and all samples weredrawn from the Economic and Financial Crimes Commission (EFCC). The study concluded despite all fraudulent activities, forensic accounting is proffering solutions for fraud prevention and detection in Nigeria. It was recommended for practitioners to engage in further training on forensic accounting personal skills and techniques.

Keywords: Forensic Accounting; Fraud detection; Fraud prevention; Personal skills; Forensic accounting techniques (search for similar items in EconPapers)
Date: 2020
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