Forensic Accounting Education in Nigeria: The Perspectives of Academics
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 11
Abstract
Abstract:This study examined forensic accounting education in Nigeria from the perspective of accounting academics. Nine (9) federal universities offering accounting programmes were selected for the study. Data were collected through the use of structured questionnaire. The questionnaire was administered on 166 subjects of which 154 were duly completed and returned. Data were analysed using both the descriptive and inferential statistics. The result confirmed the high rate of fraud in Nigeria {χ2 (df = 3) =150.31, p< 0.001}. Also, respondents generally agree that forensic accounting can help in fraud prevention and detection in Nigeria with a χ2 (df = 3) = 84.40, p< 0.001. Furthermore, the application of forensic accounting in fraud prevention and detection can have advantageous position when it is taught in Nigerian universities χ2 (df = 3) = 203.66, p< 0.001. On the readiness of Nigerian universities to take up forensic accounting courses, the Chi-square test result χ2 (df = 3) = 164,p< 0.001, indicated that Nigerian universities are not yet ready to take up forensic accounting courses. While the study notes that the universities are not fully ready for the introduction of forensic accounting courses due to primarily, lack of man power, respondents generally agree that they will be glad to have forensic accounting courses introduced in their university. In view of these, it is concluded that most of the accounting academics are aware that forensic accounting has the potential of curbing financial fraud menace in Nigeria, but there is lack of man-power in this direction, hence, the low content of forensic accounting in the curriculum. It is therefore recommended, among others that, man-power development in accounting profession should be encouraged in the area of forensic accounting. Keywords:Forensic accounting education, Nigeria, academics, fraud, accounting curriculum.
Authors and Affiliations
Eme Joel Efiong, Florence Onororakpoene Otuagoma, Charles Effiong, Daniel Chucks Ugbajah
Keywords
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