FORENSIC ACCOUNTING TECHNIQUES AND FRAUDULENT PRACTICES IN NIGERIAN PUBLIC SECTOR

Haruna Roselyn Afor (), Aruwa Suleiman Akwu-Odo Salihu (), Fowokan Eni-Itan Titilayo () and Ibrahim Karimu Moses ()
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Haruna Roselyn Afor: Department of Accounting, Postal: Nasarawa State University, Keffi, Nigeria,, https://www.afarng.org/jfafi/
Aruwa Suleiman Akwu-Odo Salihu: Department of Accounting, Postal: Nasarawa State University, Keffi, Nigeria, https://www.afarng.org/jfafi/
Fowokan Eni-Itan Titilayo: Charetred Institute of Taxation of Nigeria and Head, Postal: Strategic Tax Unit, Dangote Industries Ltd, , 4, https://www.afarng.org/jfafi/
Ibrahim Karimu Moses: Department of Accounting, Postal: Veritas University, Bwari,, Abuja, https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 1, 1-22

Abstract: The greatest frauds of the users of financial information have been committed by exhibiting falsified financial statements. This study examined the forensic accounting techniques and fraudulent practices in Nigerian public sector. The population of the study consists of all staff members of investigation division of inspectorate department in office of Accountant general of Federation (40) in Abuja with a sample size of thirty-seven (37). Questionnaire was used to generate the data while One-Sample T-Test was used in testing the hypotheses formulated. It was found that computer forensic techniques have significantly aided financial fraud evidence gathering. Also, forensic investigative techniques significantly aided financial fraud detection. The study recommends that the government should make the forensic investigation a routine statutory requirement for the Ministries, Departments, Agencies (MDAs) and quoted corporate organizations in Nigeria to enhance fraud detection in the financial statements. Also, the forensic accountants should be statutorily empowered to collaborate with the prosecutors to enhance the quality of evidences presented against the accused person(s) in the law court in financial crimes.

Keywords: Forensic techniques; Fraudulent practices; Nigerian public sector (search for similar items in EconPapers)
Date: 2021
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Journal of Forensic Accounting & Fraud Investigation (JFAFI) is currently edited by Godwin Emmanuel Oyedokun, Muhammad Akaro Mainoma and Suleiman A. S. Aruwa

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