IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 3 2022

---

Forensic Audit and Economic Crime: Emerging Issues In Nigerian Public Sector

Offor Nkechi Theresa PhD, Orjinta Ifeoma Hope PhD & Akaegbobi, Tochukwu, Nkem

---

Abstract

This study examined the effect of forensic assurance services on fraud detection and prevention in manufacturing firms in Nigeria. The study is vital as it portrays the extent to which forensic assurance services ensure fraud detection and prevention in manufacturing firms in Nigeria. Two hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using Friedman’s ANOVA. The study anchored on the White Collar Crime Theory and Stakeholders Theory adopted a Survey Design Approach. Hence, data were collected using questionnaire survey. The empirical analysis of the study indicates that there is a significant and positive relationship between forensic assurance services and fraud detection and prevention at 1% significant level. Thus, the study concludes that forensic assurance services ensure fraud detection and prevention in manufacturing firms in Nigeria. In lieu of this, the study recommended that the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria (ANAN) should promote forensic accounting formalization and specialization in their curricula, and academia should emphasize forensic accounting skills development through learning in higher educational institution.

---

DOWNLOAD PDF

---

Back