Forensic Accounting Skills and Fraud Control in Deposit Money Bank in Nigeria

Oladejo Olusola James (), Oyelami Bosede Bolanle () and Abey Samuel Taiwo ()
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Oladejo Olusola James: Department of Management & Accounting, Faculty of Management & Social Sciences, Postal: Lead City University, Ibadan, ,, https://www.afarng.org/
Oyelami Bosede Bolanle: Department of Management & Accounting, Faculty of Management & Social Sciences, Postal: Lead City University, Ibadan, https://www.afarng.org/
Abey Samuel Taiwo: Department of Tax Investigation and Enforcement, Postal: Federal Inland Revenue Service,, Nigeria, https://www.afarng.org/

Multidisciplinary Journal of Management Sciences, 2024, vol. 7, issue 2, 43-66

Abstract: This research work focused on Forensic Accounting Skills and Fraud Control in Deposit Money Bank in Nigeria. The motive behind this study is to examine the extent to which asset misappropriation could be curbed by forensic accounting skills, how cash layering methods of fraudulent practices can be affected by forensic accounting skills, and how control can be corrected by forensic accounting skills through improved technology. The targeted population of this study consists of 594 management staff of Guaranteed Trust Bank in Nigeria. The sample size consists of two fifty-six (240) Staff. Regression analysis was used to analyze the result. The results of hypothesis one showed a significant link (r = 0.413; P 0.05) in the banking system between forensic accounting expertise and the placement technique of corporate control of asset theft. The layering approach of fraudulent acts and forensic accounting expertise have a substantial relationship in the financial system (r = 0.561; P 0.05), according to hypothesis two. According to hypothesis three (r = 0.449; P 0.05), there is a statistically significant relationship between forensic accounting expertise and the Integration technique of weakening internal control. The government should provide an enabling environment for the forensic accounting profession to thrive in the country by strengthening the legal, educational, and political framework in the country (Nigeria).

Keywords: Forensic Accounting skills; Financial Crimes; Nigerian Banking System (search for similar items in EconPapers)
Date: 2024
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