APPLICATION OF ETHICAL CULTURE AS FORENSIC ACCOUNTING TOOL FOR FRAUD PREVENTION AND DETECTION IN PUBLIC UNIVERSITIES IN SOUTH WEST NIGERIA

Adegbite, Samson Adebolu (), Benjamin, Rebecca Deborah () and Prof. Enyi, Patrick, Enyi ()
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Adegbite, Samson Adebolu: Department of Accounting, Postal: Osun State University, Osogbo, Nigeria., , ,, https://www.afarng.org/jfafi/
Benjamin, Rebecca Deborah: Department of Accounting, Postal: Babcock University, Ilishan-Remo, Nigeria.,, https://www.afarng.org/jfafi/
Prof. Enyi, Patrick, Enyi: Department of Accounting, Postal: Babcock University, Ilishan-Remo, Nigeria., https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 1, 36-55

Abstract: The problem of fraud is of global concern and the rate at which it is perpetrated in Nigerian public universities is more worrisome. This research work was carried out on application of ethical culture as forensic accounting tool for fraud prevention and detection in public universities in South West, Nigeria. The study adopted a survey research design. The population of the study consisted of 667 staff members of 15 public universities in South West Nigeria, EFCC, ICPC and the police anti-corruption unit. A purposeful sample of 500 was used with a response rate of 92.4%. The data were analysed with descriptive and inferential statistics using SPSS version 21. The study's findings revealed that ethical culture (F=1.092; R Square=0.010; Sig=0.931, t=1.282, p>0.05) did not significantly influence fraud prevention and detection in public universities in South West Nigeria. The study concluded that ethical culture is statistically insignificant for fraud prevention and detection in public universities in South West Nigeria. The study recommended that ethical culture should be enhanced in public universities and other public sectors in Nigeria, need for training on ethics and a further research should be conducted with enhanced variables which may change the findings in this research work.

Keywords: Code of sanctions; Ethical culture; Ethical training; Forensic accounting; Fraud; Fraud prevention and detection; hotline; whistle blowing (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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