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Moderating Effect of Whistleblowing Disclosure on the Relationship Between Forensic Audit Tools and Fraud Detection in Listed Deposit Money Banks in Nigeria

Inyada, Sunday Joseph, Obafemi, Olatokunbo Tunde, Shuaibu, Adejoh

Abstract

The primary objective of this study is to examine the moderating effect of whistleblowing disclosures on the relationship between forensic audit tools and fraud detection in listed deposit money banks in Nigeria. This study adopts a descriptive survey research. The study's sample population consists of 237 employees from various departments of LDMBs the total sample size of 237 is calculated using Taro Yamane's formula, which is commonly used for sample size determination in survey research. Data for the study will be collected using structured questionnaires, Descriptive statistics, including mean, standard deviation, frequency, and percentage, will be used to summarize and present the data., Furthermore, a multiple regression model will be used to estimate the relationship between the dependent variable (fraud detection) and the independent variables (forensic audit tools and whistleblowing disclosure). The findings from this study indicate that forensic audit tools, particularly data analytics and anomaly detection, as well as document evidence management, significantly contribute to improving fraud detection in Nigerian listed deposit money banks. Whistleblowing disclosure has a moderating role in enhancing the effectiveness of these tools, demonstrating that an integrated approach that combines technology, documentation, and internal reporting mechanisms can provide a more robust fraud detection system. The study recommends among others that Based on the significant positive impact of data analytics and anomaly detection on fraud detection, it is recommended that Nigerian listed deposit money banks continue to invest in advanced data analytics technologies. This includes adopting machine learning and artificial intelligence-based tools that can process large datasets in real time, identify hidden patterns, and predict potentially fraudulent activities. Banks should also invest in training auditors and staff to effectively use these tools to maximize their effectiveness.

Keywords

Forensic Audit ToolsFraud DetectionWhistleblowing Disclosure.

References

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