Forensic Accounting in Easing of Entity Fraud in Deposit Money Banks of Nigerian
Abstract
The paper examined forensic accounting on mitigation of corporate fraud in Nigerian banks. The study adopts descriptive research design. It is a qualitative paper. The result revealed that proactive fraud audit, compliance with policies, robust internal controls, management override of controls, segregation of duties, dispute resolution, and litigation support of forensic accounting had a positive and significant effect on the fraud mitigation in banks. The paper therefore, concluded that, there is correlation between forensic accounting and mitigation of corporate fraud in Nigerian banks. The paper recommended among others that corporate institutions should adopt proactive fraud audit, compliance with policies, etc, measures in order to detect and prevent certain frauds and financial errors in corporate organizations. The study suggested that further study should be conducted in public sector so as to compare how both private and public sectors deal with the challenge of fraud in Nigeria.
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