IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
Vol. 1 No.8, 2015

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Forensic Audit and Corporate Fraud

A. O. Enofe, P. Omagbon and F. I. Ehigiator

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Abstract

This study is examined the impact of forensic audit on corporate fraud in Nigeria. The objective of the study is to determine the relationship between forensic audit and corporate fraud. In order to collect sufficient primary data, the survey method was employed and questionnaires designed and distributed to collect the needed data, while the data were analyzed using IBM SPSS Statistics 21ordinary least square (OLS) regression technique. The study concluded based on the statistical analysis that the frequent utilization of forensic audit services will significantly help in the detection, prevention as well as reduction of incidences of fraud in and businesses. Consequently forensic audit was adjudged to be an efficient and effective tool against corporate fraud. It therefore recommended that forensic audit be made statutory for businesses and organizations.

keywords:

Forensic audit, fraud detection, fraud prevention, fraud reduction, corporate fraud

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