FORENSIC ACCOUNTING AND PROFITABILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

The main objective of this study is to investigate the effect of forensic accounting on the profitability of quoted DMBs in Nigeria. This work employed three (3) forensic accounting mechanism for independent variables such as risk assessment, forensic litigation and firm size in investigating their effect on profitability of the selected firms’ proxy by profit after tax as dependent variable. The ex-post facto research design was used for this study. The secondary data were obtained from financial statement of selected manufacturing firms. Descriptive statistic was employed in estimating the data. Based on the analysis, risk assessment has no significant effect on the Profit after Tax of listed DMBs in Nigeria, forensic Litigation have insignificant effect on the Profit after Tax of listed DMBs in Nigeria and firm Size has no significant effect on the Profit after Tax of listed DMBs in Nigeria.. On the basis of these findings, the study recommended that commercial banks should emphasize and enhance the use of forensic financial information as this will help in reducing fraud which has a positive effect on organizational performance. The management should ensures that the bank adapts to new technological changes taking place in the world to ensure that they have a well-structured system to accommodate these changes.