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Effect of Fraud on Financial Reporting and Misappropriation of Assets of Listed Conglomerate Companies in Nigeria

BENEDICT, Soje, MARKUS, Daniel, DOKA, Lenge Shaki

Abstract

This study investigates the effect of fraud on financial reporting quality and misappropriation of assets in listed conglomerate companies in Nigeria. The findings reveal that fraud has a statistically significant negative effect on financial reporting quality and a strong positive effect on asset misappropriation. Specifically, an increase in fraud is associated with lower quality of reported financial information and a 12% rise in asset misuse.

Keywords

FraudFinancial Reporting QualityMisappropriation of Assets

References

Adeyemi, S. O., Adedeji, O., & Kareem, Y. (2025). Corporate governance, forensic auditing and fraud prevention. Journal of Accounting and Finance Studies, 12(1), 44-59. Afolabi, K. L., & Tunde, M. A. (2024). Financial reporting integrity and fraud mitigation strategies in Nigeria. International Journal of Finance and Accounting Research, 6(2), 78-93. ACFE (2023). Report to the nations on occupational fraud and abuse. Eze, R. O. (2024). Evaluating forensic accounting practices in curbing financial fraud in Nigeria. International Journal of Business and Economic Development, 7(1), 31-47. Nwosu, P. U., Udo, I., & Okechukwu, C. J. (2024). Fraudulent financial reporting and investors confidence. Contemporary Issues in Accounting and Finance, 10(1), 55-70. Oboh, C. S., & Nwachukwu, O. E. (2023). Fraudulent practices and earnings manipulation among Nigerian listed firms. Nigerian Journal of Accounting and Finance, 14(1), 84-99.

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