FORENSIC ACCOUNTING AND ITS INFLUENCE ON FRAUD DETECTION DETECTION AND PREVENTION IN NIGERIA (A CASE STUDY OF ACCESS BANK PLC)

ABSTRACT This study aimed at evaluating forensic accounting and its influence on fraud detection and prevention in Nigeria. The ex-post facto research design was analyzed using the ordinary least square technique. The objective was to investigate how the adoption of forensic accounting and its effectiveness has been used to manage and control fraud in Nigeria. From the analysis and the responses obtained and the hypothesis, it was concluded that the application of forensic accounting techniques significantly influences the prevention and detection of fraud in Nigeria. It was therefore recommended that, among others, forensic accounting should be applied in every aspect of accounting and the auditing process in Nigeria and that there is the need to formulate laws that would back the use of forensic accounting for all public and private organizations. It was also recommended that auditors should ensure that the use of forensic accounting in the auditing functions and that professional accountancy bodies should ensure that the forensic accountants are trained and retrained from time to time. If the government and the accounting profession in Nigeria work together then the concept of true and fair view can be a key part of the solution to this problem.