Impact Of Forensic Account ing On Fraud Control In Nigeria ( A Case Study Of Nigerian Deposit Insurance Corporation (NDIC )
Journal Title: International Journal of Scientific Research and Management - Year 2016, Vol 4, Issue 5
Abstract
n recent time, fraud has formed an integral part of developing countries like Nigeria where corruption through its indices like money laundering, over pricing and compromise of procurement proceedings are prevalent in the society and are regarded as norm, resulting in widening gap between the poor and the rich. Th is study examines the impact of forensic accounting on the prevention and control of fraud in the Nigerian banks. Ordinary least square (OLS) was utilized to examine the relatio nship that exists among research variables in addition to the test of hypothesis. Findings f rom the study revealed that there is a significant relationship between the forensic expert consultat ion expenditures and amount of fraud uncovered in Nigeria n banks . It was also found that the higher the amount spent on forensic expert cons ultations, the higher the number of staff involved in bank frauds that are uncovered in Nigeria. The result further showed that there is a significant relationship between the amount spent on forensic expert consultation and the numb er of staff who lost their jobs on the grounds of fraud in deposit money banks. It can therefore be inferred that forensic accounting serves as a veritable instrument of fraud control in Nigeria. The study recommended, among others, that Nigerian government should evolve policies that wou ld enhance the activities of forensic accountants towards the nation’s quest to eradicate corruption.
Authors and Affiliations
Dike , Divine Chika
Keywords
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- EP ID EP218172
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