{"id":7035,"date":"2022-11-17T06:45:49","date_gmt":"2022-11-17T06:45:49","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=7035"},"modified":"2022-11-17T10:57:59","modified_gmt":"2022-11-17T10:57:59","slug":"forensic-accountant-a-panacea-to-fraud-detection","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/forensic-accountant-a-panacea-to-fraud-detection\/","title":{"rendered":"Forensic Accountant: A Panacea to Fraud Detection"},"content":{"rendered":"

– Forensic Accountant: A Panacea to Fraud Detection –<\/strong><\/span><\/p>\n

Download Forensic Accountant: A Panacea to Fraud Detection<\/strong><\/span>. Students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/strong><\/h3>\n

The study examined the role of forensic accountant as a panacea to fraud detection adopting some selected quoted companies in Nigeria as my case study.<\/p>\n

The study aimed at investigating how fraud can be detected and controlled in companies as well as how the internal control system and financial reporting quality can be improved in companies through the forensic accountant.<\/p>\n

Samples were drawn from the employees of Julius Berger plc, PZ Nigeria plc and UAC foods plc in five departments of the companies using convenience non-probability sampling method. The hypotheses formulated were tested using chi-square test.<\/p>\n

From the analysis carried out, it was found out that the forensic accountant can detect fraudulent activities in companies as well as control the activities. The study thus concludes that in other for companies to reduce their rate of financial irregularities and be financially efficient, the need for a forensic accountant is important<\/p>\n

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Introduction<\/strong><\/h3>\n

1.1 Background of the Study<\/strong><\/p>\n

Financial irregularity is a big problem globally and it is of a great concern to the developing nations. Financial irregularities are so common and serious that fraud and corruptions is gradually becoming a way of life and almost every individual cannot be free or clean of it.<\/p>\n

Individuals get involved in fraud and corrupt practices according to their capacity of office. No money is entirely free as every naira and kobo has it legal use which consequently means that any form of misuse will negatively have an effect on where it ought to be used.<\/p>\n

This effect can be direct or indirect on companies or the nation at large. Individuals and companies affected negatively by the fraudulent and corrupt act will want to seek redress by using different institutions such as the police and the law court.<\/p>\n

Hence whatsoever an investigator wishes to do will not be complete if the extent to which the affected companies are not quantified. This and other pecuniary areas are where the service of the expert \u201cforensic accountant\u201d is being engaged in for a long time worldwide and recently in Nigeria.<\/p>\n

Forensic accounting evolved as a result of certain emerging fraud related cases. Forensic accounting encapsulates all other investigation related areas in uncovering financial fraud. It is referred to as the tripartite practice of utilizing auditing, accounting and investigative skill to assist in legal matters. Modugu & Anyaduba (2013).<\/p>\n

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