Determinants of Fraud Management Technique of Selected Federal Ministries, Departments and Agencies (MDAs) in Nigeria

Chinedu Innocent Ph.D. Enekwe, Tamunonimim Anipiriworima Ph.D. Ngereho-A and Ngatuwa Tumba Freeman
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Chinedu Innocent Ph.D. Enekwe: Department of Financial Management, College of Private Sector Accounting, ANAN University Kwall, Plateau State.
Tamunonimim Anipiriworima Ph.D. Ngereho-A: Department of Public Sector Accounting, College of Public Sector Accounting, ANAN University Kwall, Plateau State.
Ngatuwa Tumba Freeman: Department of Auditing and Forensic Accounting, College of Private Sector Accounting, ANAN University Kwall, Plateau State.

International Journal of Research and Scientific Innovation, 2024, vol. 11, issue 7, 165-176

Abstract: Background: Fraud management techniques have become vital not only for policymakers but also for all the users of information to ensure the trust of different stakeholder groups in the accountability and transparency of government resources. In order to solve this problem, the study seeks to evaluate the determinants of the fraud management techniques of selected federal ministries, departments, and agencies (MDAs) in Nigeria. Methodology: computer-assisted auditing skills and data mining skills were proxies for independent variables, while fraud management technique was a dependent variable proxy for fraud prevention. The study adopted primary data, which were drawn from four specific federal ministries, departments, and agencies with the help of structured closed-ended questionnaires with five-point Likert scale options. The study underpinned the fraud pentagon theory because it is more connected than other theories. Descriptive statistics and multiple regression analysis were used to analyze the effect of the independent variables on the dependent variable. The SPSS version 25 software statistical package was used for the coding of the questionnaire and data analysis for the study. Results: The regression results showed that computer-assisted auditing techniques (CAATs) have a positive and significant effect on fraud prevention, while data mining skills (DMS) have a negative and insignificant effect on fraud prevention in Federal Ministries, Departments, and Agencies (MDAs) in Nigeria. This implies that the ability of Nigeria’s federal ministries, departments, and agencies to manage fraud is significantly influenced by computer-assisted auditing techniques while not significantly influenced by data mining skills. Recommendations: The study recommended that federal ministries, departments, and agencies in Nigeria should create a regular training program for their employees in order to enlighten them on how fraud could be managed through computer-assisted auditing techniques and data mining skills.

Date: 2024
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