The role of forensic accounting as a tool for fraud detection and prevention in the Nigerian banking sector. Department: Accountancy By: muhalhq Project ID: 7186 Rating: (3.0) votes: 2Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe study aims to assess forensic accounting's role in detecting and preventing fraud in the Nigerian banking sector, focusing on UBA Bank's Wushishi branch. Objectives include investigating fraud nature, determining its extent, exploring forensic accounting principles, and evaluating its effectiveness in reducing financial losses and fraud risks. Fraudulent practices in Nigerian banks have led to increased losses and the collapse of commercial banks, hence the need to use forensic approach services to detect and prevent such fraudulent activities. The banking industry is a very important institution with many internal controls in order to overcome fraudulent practices. The data collection instrument preferred for the study was a questionnaire. Findings from the study saw that fraud detection and prevention increased when forensic accounting services were employed. A sample size of 40 were used and was chosen among the UBA bank Wushishi branch in Nigeria using Bowley's proportional allocation formula Data were analyzed using table and simple percentage, and hypothesis were tested using chi-square statistics ( x2). The study findings indicated that the application of forensic approach services by banks led to increased fraud prevention in commercial banks and the highest application was on enhancing the quality of financial reporting. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )