ASSESSING THE NEXUS BETWEEN FORENSIC ACCOUNTING, THE FINANCE ACT, 2019 AND TAX REVENUE IN NIGERIA

Edirin, Jeroh ()
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Edirin, Jeroh: Department of Accounting and Finance, Postal: Delta State University, Abraka, Nigeria.,

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2019, vol. 4, issue 2, 212-236

Abstract: This paper examines the nexus between forensic accounting, the Finance Act 2019 and tax revenue in Nigeria. Specifically, we assessed stakeholders' perception on the perceived mediating role of forensic accounting on the link between the Finance Act of 2019 and revenue generation in Nigeria through taxation. The survey design was adopted and primary data were gathered through the FAFTR questionnaire that was specifically designed for this study to elicit responses from a sample of 225 respondents randomly selected. The questionnaire items were validated and pre-tested. Hypotheses were designed and tested at 0.95 confidence level based on the regression model specified in this study. The results revealed that whereas, the Finance Act, 2019 has a direct and indirect relationship with revenue generation in Nigeria through possible increase in tax revenue; the fact that forensic accounting can possibly play a mediating role as a vehicle that will guarantee the achievement of the objectives of the new Act in increasing Nigeria's tax revenue cannot be ruled out. We therefore recommend that the Federal Inland Revenue Services (FIRS) and relevant bodies should engage the services of forensic accountants in a bid to mitigate fraudulent acts that may be associated with the diversion of government revenue that would be generated from taxation in the coming years.

JEL-codes: F38 H25 H71 K22 K34 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jfaafi:0013

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