AN ASSESSMENT OF FORENSIC ACCOUNTING SKILLS AND THEIR ROLE IN DETECTING AND PREVENTING BANK FRAUD IN NIGERIAN DEPOSIT MONEY BANKS
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Abstract
The study examines the effect of forensic accounting skills on bank fraud in deposit money banks in Nigeria. The study employed a cross-sectional field survey research design. The population of the study comprised of 86 staff drawn from the internal auditors who are professional accountants in banks and other compliance officer as well as those from the forensic accounting unit within Jos metropolis and a sample of 71 determined using Taro Yamane formula using purposive sampling technique. It employed the use of structured questionnaire as method of data collection and the hypotheses were tested using multiple linear regression. Findings show that investigative skills have significant effect on bank fraud in deposit money banks in Nigeria. Also, the study revealed that analytical skills have significant effect on bank fraud deposit money banks in Nigeria. The study recommended that deposit money banks in Nigeria should invest in training programs that focus on developing forensic accounting investigative and analytical skills among their staff. This will help strengthen their ability to detect and prevent fraudulent activities.
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References
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