Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

FORENSIC ACCOUNTING AND NIGERIA BUSINESS ENVIRONMENT

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 155 ::   Attributes: Questionnaire, Data Analysis,abstract, table of content, references ::   2,653 people found this useful

Project Body:

ABSTRACT

The focal point of this work is on how forensic accounting could aid fraud detection and prevention when incorporated into the mainstream of Nigeria business environment.

Review of relevant literature were carried out in order to gain deeper insight and understanding of the subject matter. Questionnaires were administered in order to generate the necessary primary data and were descriptively analyzed. The various hypotheses were tested using chi-square statistical analysis. The result of the hypotheses revealed that corporate fraud reduction is dependent on forensic accounting. It however revealed that forensic accounting cannot promote responsible corporate governance. Based on the findings of this research work, the researcher came to a conclusion that corporate fraud and poor corporate governance cannot be completely eliminated, it can only be reduced to a barest minimum. It is recommended that the study of forensic accounting courses should be introduced into the Nigeria educational curricular. Also, ethics and value system of the country must not be handled with levity and finally an effective legal system should be put in place to ensure speedy dispensation of justice.  

 

 

TABLE OF CONTENTS

                          

Title

Table of Contents                

Abstract        

CHAPTER ONE

1.1      Background of the Study      

1.2      Statement of the Problem

1.3      Objective of the Study  

1.4      Scope of the Study       

1.5      Relevance of the Study  

1.6      Hypotheses    

1.7      Limitation of the Study 

CHAPTER TWO: LITERATURE REVIEW

2.0      Historical Background of Forensic Accounting      

2.1      Definitions and Meaning of Forensic Accounting

2.2      Definition and Meaning of Fraud

2.3      Types of Fraud      

2.4      Nature and Extent of Financial Crime

2.5      Causes of Fraud                         

2.6      Fraud Detection, Prevention and Control

2.7      Roles of Forensic Accounting in Litigation Support

2.8      Skills and Characteristics of a Forensic Accountant     

2.9      Development of Forensic Accounting in the

Accounting Profession                 

2.10  Opportunities and Challenges of Providing

Forensic Accounting Services       

2.11      An Overview of Nigeria Business Environment
Roles and Responsibilities of the Traditional

Auditor or External Auditor

2.12     Differences between a Forensic Accounting

and the Traditional Auditing 

2.13      Importance of Forensic Accounting on the

Nigeria Business Environment      

2.14      Financial Statement Fraud in Nigeria Business   

Environment and its Link with Forensic Accounting

2.15      Level of Forensic Accounting in Other Countries

CHAPTER THREE: RESEARCH METHODOLOGY

3.0      Introduction                

3.1      Research Design           

3.2      Population     

3.3      Sample and Sampling Technique         

3.4      Research Instruments          

3.5      Sources of Data                  

3.6      Problem Identification          

3.7      Research and Validation of Hypothesis

3.8      Validation             

CHAPTER FOUR:   ANALYSIS AND INTERPRETATION OF DATA

4.0  Introduction         

4.1      Questionnaire Administration       

4.2      Data Description and Interpretation     

4.3      Test of Hypothesis               

CHAPTER FIVE:    SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1      Introduction         

5.2      Summary of Findings    

5.3      Conclusion            

5.4      Recommendations 

Bibliography                     

Appendix                          

CHAPTER ONE

1.0     BACKGROUND OF THE STUDY

The recent multi-billion dollars corporate scandals (Enron, Tyco, World Com, Adelphia and others) have shaken the business world. The public and governmental reactions to these events has been enormous. It has triggered congressional action that resulted in legislation (Sarbanes-Oxley Act, 2002) and auditing standards (Statement of Accounting Standard No. 99) that require  companies and their auditors to be more aggressive in detecting and preventing fraud, which in turn, has elevated the importance of the accounting profession in protecting the integrity of the financial system in order to prevent such scandals.

Additionally, in today’s society, there is widespread growth in white-collar crimes evidenced by both fraudulent financial reporting and misappropriation of assets. Racketeering and terrorist groups often rely on money-laundering schemes to conceal and disguise their activities such as identity theft, present new challenges to accountants. The impact on the accounting profession has been dramatic. The environment has created many job opportunities in the accounting profession at federal, state and governmental agencies, such as the Securities and Exchange Commission, the revenue service and the office of the inspector general, all have an increased impact on accountants and others with forensic accounting investigation skills.

However, modern organized corporate frauds are sophisticated, and well resourced by manager, entrepreneur and politicians to mention but few. There is the need to respond to this changing criminal threat and the skills of non-traditional investigators like accountant and the legal experts are needed to combat the corporate ill, this has arouse the call for forensic accountant.

In the light of the foregoing discussion, forensic accounting has to do with the use of the use accounting discipline to help determine issues of fact in business litigation. It involves the application of accounting, business, legal and financial skills in settling commercial or legal disputes (Omoniyi, 2004).

The focal point of this research work is on how forensic accounting could aid fraud detection and prevention when incorporated into the mainstream of Nigeria business environment.

STATEMENT OF THE PROBLEM

The failure of statutory audit to prevent and reduce misappropriation of corporate fraud and an increase in corporate crime in Nigeria business environment has put pressure on the professional accountant and legal practitioner to find a better way of exposing crime in the business world. The specific problems which this research intend to address are as follows:

1.          Can forensic accounting reduce corporate fraud and mismanagement?

2.          Can forensic accounting promote responsible corporate governance?

3.          Is forensic accounting the same as fraud investigation?

4.          Are there any special skills a forensic accountant must possess?

5.          What are the potential red flags of fraud?

6.          Can forensic accounting provide an objective valuation of claims?

7.          Prospects and challenges of forensic accounting profession.

8.          Are employees often the first to notice fraud?   

1.1     OBJECTIVE OF THE STUDY

The problem of fraud in Nigeria business environment need to be seriously addressed. The objectives of this research work are;

1.          To find out how the knowledge of forensic accounting can reduce corporate fraud and mismanagement.

2.          To ascertain if forensic accounting can promote responsible corporate governance.

3.          To determine whether forensic accounting is the same as “fraud investigation”.

4.          To ascertain if employees are often the first to notice fraud.

5.          To examine the relevant or special skills which a forensic accountant should posses.

6.          To examine the potential red flags of fraud.

7.          To examine the prospects and challenges of forensic accounting profession.

8.          To determine if forensic accounting can provide an objective valuation of claims.

1.2     SCOPE OF THE STUDY

The focus of this study is on forensic accounting with special emphasis on corporate fraud reduction and mismanagement in Nigeria business environment. Data will be obtained from various stakeholders in the Nigeria business environment.

1.3     RELEVANCE OF THE STUDY

When viewed from the perspective of forensic accounting in Nigeria business environment, the significance of this research will be appreciated.

The primary focus of this research is to enlighten non-forensic accountant on how corporate fraud and mismanagement can be tackled.

The research is also aimed at creating understanding of the duties of foreign accountants in litigation support, the potential for forensic accounting services in the Nigeria business environment, special skills and characteristics of forensic accountant.

Future researchers on this field will find this work as a veritable reference point and will create a better insight into the relationship between forensic accounting and corporate fraud.

1.4     HYPOTHESES

Hypotheses shall be developed and tested to ensure a more effective and result oriented work. The null hypothesis (Ho) and the alternative hypothesis (H1) will be used for the purpose of this study.

Hypothesis (1)

Ho:  Corporate fraud reduction is not dependent on forensic accounting.

H1:  Corporate fraud reduction is dependent on forensic accounting. 

Hypothesis (2)

Ho:  Forensic accounting cannot promote responsible corporate governance.

H1:  Forensic accounting can promote responsible corporate governance.

 


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14796 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   12184 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7520 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8470 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7664 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6368 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:155
Attribute:Questionnaire, Data Analysis,abstract, table of content, references
Price:₦5,000
Get The Complete Project »

Best Selling Projects

Our Archives