ABSTRACT
This research investigates the relationship between Information Communication Technology (ICT) and accounting fraud mitigation in corporate firms in Nigeria. Employing a field survey methodology, the study collected data from 336 accounting firms using a questionnaire. The findings reveal significant relationships between ICT tools—accounting software, data analytics, and IT infrastructure—and accounting fraud mitigation. Specifically, accounting software improves fraud detection rates, data analytics reduces the risk of fraud perpetuation, and IT infrastructure lowers the overall risk of fraud in accounting practices.
The study concludes that integrating ICT into accounting practices is crucial for enhancing fraud detection and prevention capabilities. Recommendations for accounting firms include enhancing IT infrastructure, implementing comprehensive data analytics programs, investing in advanced IT systems, promoting transparency and accountability, and conducting continuous training and awareness programs. These recommendations offer practical steps for leveraging ICT to combat fraud and improve organizational integrity and performance in the digital age.
Keywords: Information Communication Technology, Accounting Fraud, Accounting Software, Data Analytics, IT Infrastructure.
