EFFECT OF FORENSIC AUDIT ON THE PERFORMANCE OF LISTED DEPOSIT MONEY BANKS (DMBS) IN NIGERIA.
Abstract
Abstract
This research explores the Effect of forensic auditing on the performance of listed Deposit Money
Banks (DMBs) in Nigeria, emphasizing evidence collection, litigation support, and fraud detection
as essential elements of forensic auditing. Utilizing Return on Equity (ROE) as an indicator of
bank performance, the research investigates how these forensic audit activities affect financial
results. The study adopted a survey research design, where the population size is 11 listed deposit
bank. However, the sample size was obtained using Taro Yamane to determine sample size 200
.Primary data was gathered through structured questionnaires distributed (Google Form)to
management and audit personnel of selected listed DMBs where a total o181 responses where
received from the respondents. The questionnaire captured the opinion of internal audit,
compliance, forensic investigation, and risk management departments of the 11 listed deposit
money banks (DMBs) in Nigeria .The data were analyzed through descriptive method and multiple
regression methods to examine the correlation between forensic audit factors and bank
performance. For the study's found a positive and statistically significant impact on the impact of
forensic audit on the performance on the listed deposit money bank in Nigeria as revealed from
the result of the research data analysis p-value =0.000 of the test statistics is less than alpha value
(0.000
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