Impact of Forensic Accounting on Fraud Reduction in the Nigerian Banking Sector
Journal Title: International Journal of Empirical Finance - Year 2015, Vol 4, Issue 4
Abstract
Fraud has become a maggot that has eating deep into the fabric of the financial sector of the Nigerian economy. Testing the influence of forensic accounting in Nigeria commercial bank, we enable us to analyse the intensity and pattern of fraud and how this can mitigated using forensic Accounting techniques. this study aim by side of investigate impact of forensic Accounting on reducing fraud in the Nigerian banking sector and was carried out in Lagos state on 125 senior and management staff in one of the quoted banks (Eco Bank) in Nigeria. Data were collected through questionnaire, this data were analysed using descriptive statistic tool. Hypotheses were tested through chi-square statistics to examine relationship between forensic Accounting and the performance of banks that adopt forensic accounting technique as a means of fraud reduction. The result of the findings shows that Forensic Accounting is significantly useful in fraud control and reduction in the Nigeria Banking Industry and positively influence banks performance. To this end, It is recommended that banks management should give a clear definition of the overall purpose of a banking industry vis-a-vis the strategic thrust that governs what it does and how if functions, Role and functions of forensic accountants and auditors must clearly define, most especially in the area of reducing fraud in the banking sector.
Authors and Affiliations
M. O. Oladejo, Yinus Oluwaseun
Keywords
Related Articles
- EP ID EP27201
- DOI -
- Views 438
- Downloads 12
The investigation of the effect of voluntary disclosure on earnings quality and cost of capital in firms listed in Tehran Stock Exchange
The aim of this study is to investigate the effect of voluntary disclosure on earnings quality and cost of capital in firms listed in Tehran Stock Exchange. For achieving research objectives, 93 firms are selected to be...
Impact of Capital Structure on Profitability of Commercial Banks Listed on Karachi Stock Exchange
This study investigates the impact of capital structure on the profitability of Pakistan commercial banks listed on Karachi Stock Exchange (KSE) by applying fixed and random effects on panel data of 15 listed Commercia...
Accounting Information Management and Performance of Small Business Enterprises in Mbale Municipality
The study sought to establish the relationship between accounting information management and performance of Small Business Enterprises (SBEs) in Mbale municipality. A cross sectional and co-relational design was used w...
External Reserve Management and Economic Growth in Nigeria
The study examined External Reserve Management and Economic Growth in Nigeria. Time series data for 34 years was used. Ordinary Least Square of the econometric research method was used to analyze and estimate the model...
Finance Options for Small and Medium Scale Enterprises in Nigeria: an Empirical Analysis
This paper examines the role of finance for small and medium scale enterprises in Nigeria and the finance options available. The study covers 1992 to 2010 and observes that most enterprises are dependent on informal so...