Forensic Accounting and Corporate Governance in the Nigerian Banking Industry

Abstract

This study examined the relationship between forensic accounting and corporate governance (board performance) in the Nigerian banking industry. Result emanating from the finding of this study revealed that there is a significant positive difference between the application of forensic accounting and board performance. This implies that the application of forensic accounting has the potential of improving corporate governance of organizations. This study therefore concludes that forensic accounting is an essential ingredient ensuring good corporate governance systems in banks. We therefore, recommend that there should be regular training and education of forensic accountants on issues pertaining to their functions and should be institutionalized and budgeted for annually by banks. This will ensure that risk management practices of the banks are effectively carried out.

Keywords: Forensic Accounting, Corporate Governance, Banking Industry, Nigeria