Forensic Accounting and Incidence of Fraud Detection

Evidence from Nigeria

Authors

  • Bello Umar Nile University of Nigeria
  • Umar Abbas Ibrahim Nile University of Nigeria
  • Peter Eriki Nile University of Nigeria

DOI:

https://doi.org/10.20525/ijfbs.v9i2.680

Keywords:

Forensic Accounting, Fraud detection, Personal skills, Forensic accounting techniques

Abstract

The study described and explained forensic accounting and the incidence of fraud detection in Nigeria. The objectives of this study were to identify personal skills requirements and, assess the types of investigative techniques used in forensic accounting. A literature review was conducted to set up the conceptual and theoretical framework for the study. A quantitative approach was used by administering a structured questionnaire. A total of 101 investigators from Economic and Financial Crimes Commission (EFCC) were used as sample for the study. We employed Jarque Bera statistics to conduct the analysis using the E views software. There is a significant relationship between forensic accounting personal skills; investigative techniques and fraud detection in Nigeria. The scope of the study was only in Nigeria and all samples were drawn from the Economic and Financial Crimes Commission (EFCC). The study concluded despite all fraudulent activities, forensic accounting is proffering solutions for fraud prevention and detection in Nigeria.  It was recommended for practitioners to engage in further training on forensic accounting personal skills and techniques.

Author Biographies

Bello Umar, Nile University of Nigeria

Postgraduate Research Student, Business Administration Department.

Peter Eriki, Nile University of Nigeria

Professor, Business Administration Department.

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Published

2020-06-05

How to Cite

Umar, B., Ibrahim, U. A., & Eriki, P. (2020). Forensic Accounting and Incidence of Fraud Detection: Evidence from Nigeria. International Journal of Finance &Amp; Banking Studies (2147-4486), 9(2), 72–81. https://doi.org/10.20525/ijfbs.v9i2.680

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Articles