THE ROLE OF FORENSIC ACCOUNTING IN THE DEVELOPMENT OF NIGERIAN BUSINESS ENTERPRISES:

ABSTRACT

The study investigated the Role of

Forensic Accounting in the Development of Nigeria Business Enterprises. The

major objectives of the study are to find out how the knowledge of forensic

accounting can reduce corporate fraud and mismanagement, to ascertain if

forensic accounting can promote responsible corporate governance and to

determine if forensic accounting can provide an objective valuation of claims.

To achieve the objectives of the study, survey research design was adopted. The

researcher adopted primary data in getting the required information. Data from

Sterling Bank Plc was used. In testing the hypothesis analysis of variance

(ANOVA) was used. The findings in chapter four reviewed that the knowledge of forensic

accounting can reduce corporate fraud and mismanagement. The findings also

reviewed that forensic accounting can promote responsible corporate governance.

The findings further reviewed that forensic accounting can provide an objective

valuation of claims. Researcher recommends that appropriate sanctions should be

applied when fraud is detected in order to reduce fraud. Also, the researcher

recommends that training and guidance is vital in maintaining the effectiveness

of the strategy for the detection and prevention of fraud and corruption and

its general credibility.

TABLE OF CONTENTS

Abstract                                                                                                

CHAPTER ONE

INTRODUCTION

1.1     Background of study                                                                          1

1.2     Statement of Problem                                                                        3

1.3     Objective of study                                                                             3

1.4     Research question                                                                              4

1.5     Research hypothesis                                                                          4

1.6     Significance of study                                                                         5

1.7     Scope of study                                                                                   5

1.8     Definition of terms                                                                             5

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1     Theoretical framework                                                                       8

2.2     Conceptual framework                                                                       10

2.2.1  The nature of forensic accounting assignment                                     12

2.2.2  Competences required of a forensic accountant                                   17

2.2.3  Forensic accounting and the role of forensic

accountants                     19

2.3     Empirical review                                                                               26

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research design                                                                                 29

3.2     Sources of data                                                                                  29

3.3     Area of the study                                                                               29

3.4     Population of the study                                                                      29

3.5     Determination of sample size                                                              29

3.6     Data collection instruments                                                                30

3.6.1  Reliability test                                                                                   30

3.6.2  Validity test                                                                                       30

3.7     Techniques for data analysis                                                              30

CHAPTER FOUR

4.1     Data presentation                                                                               32

4.2     Test of hypothesis                                                                              41

4.3     Discussion of findings                                                                        45

CHAPTER FIVE

SUMMARY OF FINDING, CONCLUSION AND

RECOMMENDATIONS

5.1     Summary of finding                                                                           47

5.2     Conclusion                                                                                        47

5.3     Recommendations                                                                             48

References                                                                                                  51