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

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.

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