Forensic accounting - a tool for fraud detection and prevention in the public sector Department: Accountancy By: lightbearer2019 Project ID: 4466 Rating: (3.3) votes: 6Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe contribution/importance of professional forensic accountants cannot be over-emphasized, whether to the public sector or to the private sector. The purpose of this study is to examine forensic accounting as a tool for fraud detection and prevention in public sector organizations with particular reference to Ebonyi State. Both primary and secondary sources of data were appropriately used. 46 questionnaires were administered to staff of five (5) selected ministries in Ebonyi State of Nigeria, along with interviews conducted with those ministries out of which 42 were filled and returned. Tables and simple percentages were used to analyze the data. The statistical tool used to test the hypothesis was chi-square (x2). Among the findings was that the use of forensic accounting does significantly reduces the occurrence of fraud cases in the public sector and that there is a significant difference between professional forensic accountants and traditional external auditors and therefore the use of forensic accountants can help better in detecting and preventing fraud cases in the public sector. The research, therefore, recommended that forensic accountants be replaced with the external auditors in Ebonyi state, proper training and retraining on forensic accounting should be provided to staff of Ebonyi state and proper adherence to accounting and auditing standards should be followed. Keywords: forensic, auditing, public sector, accounting, accountant ...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»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»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 )