Impact of Forensic Accounting and Traditional Auditing on Failure of Selected Commercial Banks in Nigeria

Abstract

This study focuses on the impact of Forensic accounting and Traditional Audit on Failure of Selected Commercial Banks in Nigeria. The study is based on primary data obtained from ten(10) commercial banks considered in this study. Furthermore, the study used the purposive sampling technique, in selecting the quoted Nigeria banks considered in this study and information about these companies were obtained by distributing  100 questionnaires. This questionnaires were then analysed using  regression analysis in SPSS (statistical package for social sciences) and the result of the analysis shows that forensic accounting have significant influence on creative accounting in the selected banks, because the  P-value obtained was lesser than the 5% specified in SPSS. Therefore, based on this result the study recommends that commercial banks should ensure that significant number of their employees are regularly trained on forensic accounting so as to be able to curb the menace associated with creative accounting.

Keywords: Forensic accounting, Traditional Auditing, Fraud, Financial Statement