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Abstract:
This research study examined the impact of forensic accounting practice in the performance, profitability and transparency of automated selected quoted firms in Nigeria. This study focused exclusively on five automated financial institutions. A further objective of this study was to ascertain the significant impact of forensic accounting on the profitability and transparency of firms in Nigeria Exchange Group.
The ex- post factor research design was used for the study. The instrument used for the collection of data was annually published audited financial statements of five deposit money banks and questionnaires distributed to these five banks. Secondary data were obtained from the annual reports gotten from the banks website covering 2019-2023. The data collected for the research questions were analysed using descriptive statistics, while the hypothesis was analysed using unity root test and Panel data analysis was tested at 0.05 level of significance.
The findings of this study revealed that forensic accounting significantly affects the profitability of firms listed in Nigeria Exchange Group, also forensic accounting has a significant impact on the transparency of firms listed on the Nigeria Exchange Group. This study recommends that integrating forensic accounting practices will enhance financial reporting quality training programme to develop forensic accounting expertise for robust internal control mechanism and this will ensure compliance to forensic accounting standard.
