An Assessment of Forensic Accounting in Nigeria: Evidence from the Banking Industries

ABSTRACT

This study was carried out under the title “an assessment of forensic accounting in Nigeria – evidence from the banking industries”. The objectives of the study was to examine the extent to which the application of forensic accounting services in the banking industries deter fraudulent activities, to determine how the application of forensic accounting detect and minimize computer related fraud, as well as to investigate the relationship between forensic accounting and financial fraud control in the banking industries.

The instrument used for the purpose of this research was gathered through primary source. The mass of information generated from the questionnaires was summarized in form of table and analyzed using simple percentage. The researcher administered two hundred (200) questionnaires to respondents, out of which one hundred and eighty-eight (188) were retrieved for the purpose of presenting and analyzing responses to issues raise in the questionnaires. The hypotheses were tested using chi-square statistical tool.

The findings from the analysis revealed among other things that the application of forensic accounting services in the banking industries deters fraudulent activities. It study also show that the application of forensic accounting detect and minimize computer related fraud, and that there is a significant relationship between forensic accounting and financial fraud control. In line with the findings, we therefore recommend that corporate organizations (especially banks) should encourage active personnel to learn financial rules of crimes and their application such as forensic accounting.