The Impact of Forensic Accounting on Fraud Detection

Abstract

The study examines the effect of forensic accounting on fraud detection in Nigerian firms.  the aim of this study is to determine the relationship between fraud detection and forensic accounting. To achieve this objective, data was collected from primary sources. The primary data were collected with the help of a well-structured questionnaire of three sections administered to fifteen firms in Benin City Edo State. The collected data were analyzed with descriptive statistics using ordinary least square (OLS) regression and Chi-square. The study reveals that the application of forensic accounting services on firms affects the level of fraudulent activities.

Key Words: Forensic accountant, financial frauds, theft of cash/suppression of lodgment, Miscellaneous fraud, falsification of accounts, cashiering fraud, forged chequess with forged signature, computer operator fraud.