Preliminary Forensic Accounting Investigation of Economic and Financial Crimes in Nigeria: Experts’ Revelations

Suleiman, Naziru; Dalhat, Bala Sulaiman

doi:10.24940/ijird/2018/v7/i7/jul18116

Cited by 2 publications

(1 citation statement)

References 5 publications

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“…Some of these projects mobilization fees have been paid for and yet to be executed. This keeps encouraging poor attainment of result in the government (Naziru & Bala, 2018). According to Eke and Okoh (2019), the need for greater accountability for the enormous investment in resources under the control of the government, which has administrative and political power over the decisions and affairs of political groups of people, is being seriously considered.…”

Section: Introductionmentioning

confidence: 99%

Forensic Accounting Techniques and Attainment of Results in Federal Government Parastatals in Nigeria

Aremu¹,

Olayinka²

2023

JEFMS

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Economic and financial fraud instances have risen over the past few years. However, fraud is a dynamic phenomenon, and new ways to defraud people, businesses, even government and the environment as a whole, appear every day. Adopting significant accounting techniques and fraud detection measures that are capable of identifying and preventing any type of fraud, regardless of how complex, is therefore imperative. The forensic accounting technique is one of these methods. This is one of the types of techniques that is primarily responsible for the investigation of fraud and is created primarily in the field of public and private finances. This study therefore examines the effect of forensic accounting techniques on attainment of results in Federal Government parastatals in Nigeria. The study adopted survey research design. The population of the study was 5 federal government agencies. Purposive sampling technique was used to select 2 agencies. The target population of the study was 131 accountants in the two agencies chosen- Nigeria Port Authority and Nigeria Civil Aviation Authority. Total enumeration was adopted. A validated and structured questionnaire was used to administer 131 copies of the questionnaire to the respondents. 126 copies were retrieved which represented 96% response rate. The Cronbach alpha reliability coefficients ranged from 0.740 – 0.892. The data were analyzed using descriptive and inferential (multiple regression) statistics at 5% level of significant. The result found that forensic accounting techniques had significant effect on output maximization in public sector of Nigeria (Adj. R2 = 0.183; F(6, 125)= 7.995, p < 0.05). The study concluded that forensic accounting techniques had a significant positive effect on attainment of result (effectiveness). The study recommended that government should adopt forensic accounting investigation techniques in corruption investigation significantly achieve attainment of results in government parastatals.

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Section: Introductionmentioning

confidence: 99%

Forensic Accounting Techniques and Attainment of Results in Federal Government Parastatals in Nigeria

Aremu¹,

Olayinka²

2023

JEFMS

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Application of Forensic Accounting Techniques as Antidote for Curbing Fraud in Nigeria Budget Implementation Adegbie

2020

IJRSM

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Budgeting is a fiscal policy used by the government to grow and develop the economy to ensure performance, stability and sustainability. Studies have shown that diversion of budgeted allocated funds, misappropriation of funds, fraud and uncompleted capital and developmental projects are major challenges facing budgetary system in Nigeria public sector. Studies further revealed that various strategies used to resolve the problem have not been successful. This study evaluated the impact of the applying forensic accounting techniques in curbing fraud in Nigeria budget implementation. The study employed survey cross-sectional research design. The population consisted of 195 staff of federal government establishments connected with budgetary system and fiscal policy. With the use of total enumeration, 195 copies of the questionnaire were administered with a retrieval rate of 150 copies (77%).The study adopted descriptive and inferential statistics to analyze the data. The findings showed that Investigative and Audit Support Service have strong impact on fraud and misappropriation of budgeted allocation funds β=0.342,F (1,149)=10.587,p-value=.002.The result also showed that Investigative and Audit Support Service has significant impact on uncompleted capital and developmental projects.β=0.745,F(1,149)=249.621,p-value=.003.The study concluded that the application of forensic accounting techniques have positive effect on curbing fraud in budget implementation. The study recommended that the federal government should make a policy to incorporate forensic accounting in Nigeria budgetary system

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Preliminary Forensic Accounting Investigation of Economic and Financial Crimes in Nigeria: Experts’ Revelations

Cited by 2 publications

References 5 publications

Forensic Accounting Techniques and Attainment of Results in Federal Government Parastatals in Nigeria

Forensic Accounting Techniques and Attainment of Results in Federal Government Parastatals in Nigeria

Application of Forensic Accounting Techniques as Antidote for Curbing Fraud in Nigeria Budget Implementation Adegbie

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