Forensic Accounting, Internal Controls and Fraudulent Practices in Nigeria
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 8
Abstract
Abstract:The core objective of the study is to critically examine the impact of forensic accounting application in monitoring internal controls detection/prevention of financial fraud in Nigeria. The survey design was used in the study with a sample size of 150 consisting of accountants, auditors and top management staff. The simple random technique was utilized in selecting the sample size, while the ANOVA (F-test) was employed in the data analysis. The findings of the study reveal that forensic accounting techniques application is significant and effective in fraud detection and prevention, and in monitoring and evaluating internal controls. In line with the findings, it is recommended amongst others that management should take appropriate actions and sanctions applied when fraud is detected. Keywords:Forensic Accounting, Fraudulent Practices, Fraud Prevention, Fraud Detection, Internal Control System
Authors and Affiliations
Ejoh, Ndifon Ojong
Keywords
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