IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 10 NO. 3 2024
DOI: https://doi.org/10.56201/jafm.v10.no3.2024.pg135.149

---

Effect of Forensic Accounting on Financial Fraud Control of Selected Firms in Nigeria

Offia, Anthonia Chioma, Ajuonu, Anulika Uche

---

Abstract

This study examined the effect of Forensic Accounting on fraud financial fraud in Nigeria. The objectives were to assess the effectiveness of forensic accounting in fraud prevention and to determine the effect of forensic accounting on fraud detection. Survey design was adopted. Questionnaire was used for data collection from accounting staff of Onlinko Digital Marketing Agency, GNLD, Digital High-field Technologies, Mustard Seed Micro Investment Limited and Barome Vienna Enterprise; all in Warri, Delta State. 198 were used as sample size. The study adopted descriptive statistics, correlation coefficient and t-test to test the stated hypotheses. Findings revealed that forensic accounting significantly influence fraud prevention and detection. Based on the above, it is recommended that companies in Nigeria step up their forensic accounting practices in order to deter fraud.

keywords:

Forensic accounting, Forensic accountant, fraud prevention, fraud detection

---

References:

Abdulrahman, S. (2019). Forensic accounting and fraud prevention in Nigerian public sector: A
conceptual paper. International Journal of Accounting & Finance Review, 4 (2), 13-21.

Adesina, K., Erin, O., Ajetunmobi, O., Ilogho, S., Asiriuwa, O. (2020). Does forensic audit fraud
control; Evidence from Nigeria deposit money banks. Bank and Bank System, 15(2), 214-
229.

Alhassan, I. (2020). Forensic accounting and fraud detection and prevention in the Nigerian public
sector.
International
journal
of
accounting
research,
5
(4),108-
115.www.arabianjbmr.com.

Apostolou, B., Hassell, J.M., & Webber, S.A. (2000). Forensic expert classification of
management fraud risk factors. Journal of Forensic Accounting, 1, 181-192.

Arokiasamy, L., & Cristal-Lee, S. (2009). Forensic accounting: Public acceptance towards
occurrence of fraud detection. International Journal of Business and Management, 4(11),
145-160.

DOWNLOAD PDF

---

Back