FORENSIC AUDITING PRACTICES AND ACCOUNTABILITY OF RESOURCES IN NIGERIA BANKS

ABSTRACT

The study is informed by the quest to examine the series of forensic auditing practices and accountability of resources in Nigeria banks. Results shows that the accountability of resources in Nigeria banks is positively, significantly related to forensic auditing practices and that accountability of resources in Nigeria banks affects forensic auditing practices. Accountability of resources has been enhanced through forensic auditing practices, investigative procedures, compliance testing, and fraud detection.

However, it is recommended that a comparison of the forensic auditing practices in a different field and also in different banks could provide some insights into institutional and cultural factors, influencing the decision to use forensic auditing, alongside the application of forensic auditing practices that help improve the accountability of resources, and help banks striving to expand and be large in terms of their asset base, and having lower cases of fraudulent activities. The research adopted a survey research design. Data was basically collected by primary means through questionnaire, a total number of fifty (300) questionnaires was distributed evenly among (I5) commercial banks in Benin City, Edo State. four hypotheses were formulated and tested with the use of regression analysis and T-test. Based on the result of the analysis, the four null hypotheses were rejected, and the alternate hypotheses accepted. It was thereby concluded that; forensic auditing practices has significant impact on accountability of resources in Nigeria banks. The study proposed the need for banks to institute more robust forensic auditing practices that will help improve the quality of their accountability of resources and therefore improve their overall value.