THE USE OF FORENSIC AUDIT IN PREVENTION AND DETECTION OF FRAUD IN NIGERIAN BANKS
Abstract
ABSTRACT
This study examined the use of forensic audit in prevention and detection of fraud in Nigerian banks from 2019 to 2024 it was conducted to focus on the most important uses of audit in the banking sector in terms of fraud prevention and detection it examined the factors contributing to the rate of undetected fraudulent transactions within banks, how efficient the current forensic audit procedures employed by the banks and how effective and efficient are internal controls in detecting fraudulent activities within the banks. The study used a quantitative research design and concerns specifically on the examination of fraud in banks. The findings from the analysis table 6, 7 and 8 providing compelling evidence on the significance of fraud in banks. The study recommended strengthening internal control, expanding and enhancing forensic audit procedures and improving internal control practices.
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