ABSTRACT
With an upsurge in financial accounting fraud in the global economy, forensic accounting has become an emerging topic of great importance for academics and industries. The study was conducted to determine and examine the fraud management and Forensic Accounting: its benefits, challenges and prospects in first bank of Nigeria plc. The objectives of the study are to examine if there is significant agreement on the effectiveness of Forensic Accounting in Financial fraud control, financial reporting quality and internal control. It also examines if there is available opportunity to officials on the detection and management of fraud. To solve the problems in the research, both primary and secondary data were collected. The research instrument used in collecting the data was questionnaires. The respondents were the senior staff of First Bank of Nigeria plc, okpara Avenue, Enugu. In organizing and presenting the data collected, tables and percentages were used. Five hypotheses were tested using T-Distribution method. The populations covered were also tested using T-Distribution method. The population covered was 60, while the sample size was 40. Data presented and analyzed were also treated. It was found that since fraud is an aged threat to the smooth operation of every business especially banks, there is a pivotal need for forensic accountant is every organization. Conclusion were drawn and recommendations was thus given, that the institute of management of Chartered Accountants of Nigeria(ICAN), Association of National Accountants of Nigeria(ANAN), and National Universities commissions(NUC), should encourage the study and specialization of forensic Accounting.
TABLE OF CONTENT
Title Page ii
Approval Page iii
Dedication iv
Acknowledgement v
Abstract vi
Table of Content vii
CHAPTER ONE:
INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the problem 8
1.3 Objectives of the study 9
1.4 Research Hypothesis 10
1.5 Research Questions 11
1.6 Significant of the study 12
1.7 Scope of the Study 13
1.8 Limitations of the Study 14
1.9 Definition of Terms 15
CHAPTER TWO:
LITERATURE REVIEW
2.1 Conceptual overview of Forensic Accounting 17
2.2 Financial Fraud 20
2.3 Fraud Management 23
2.4 Fraud Triangle 27
2.5 Forensic Accountant 28
2.6 Personal qualities and skills of a forensic Accountant29
2.7 Benefits of Forensic Accounting 35
2.8 Challenges of Forensic Accounting 37
2.9 Prospects of Forensic Accounting 41
CHAPTER THREE:
METHODOLOGY
3.1 Research Design 43
3.2 Area of the study 43
3.3 Population of the study 43
3.4 Sample 44
3.5 Sources of Data 46
3.6 Analytical Technique 47
CHAPTER FOUR:
PRESENTATION AND ANALYSIS OF DATA
4.1 Data Presentation 49
4.2 Data Analysis 55
CHAPTER FIVE:
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS.
5.1 Summary of Findings 74
5.2 Conclusion 75
5.3 Recommendations 75
References
Appendix I
Appendix II
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 11). Fraud Management And Forensic Accounting Benefits, Challenges And Prospects (a Case Study Of First Bank Of Nigeria Plc.okpara Avenue, Enugu State).. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4273/fraud-management-and-forensic-accounting-benefits-challenges-and-prospects-a-case-study-of-first-bank-of-nigeria-plc-okpara-avenue-enugu-state-3958
"Fraud Management And Forensic Accounting Benefits, Challenges And Prospects (a Case Study Of First Bank Of Nigeria Plc.okpara Avenue, Enugu State)." ProjectStoc.com. 11 2014. 2014. 11 2014 <https://projectstoc.com/read/4273/fraud-management-and-forensic-accounting-benefits-challenges-and-prospects-a-case-study-of-first-bank-of-nigeria-plc-okpara-avenue-enugu-state-3958>.
"Fraud Management And Forensic Accounting Benefits, Challenges And Prospects (a Case Study Of First Bank Of Nigeria Plc.okpara Avenue, Enugu State).." ProjectStoc.com. ProjectStoc.com, 11 2014. Web. 11 2014. <https://projectstoc.com/read/4273/fraud-management-and-forensic-accounting-benefits-challenges-and-prospects-a-case-study-of-first-bank-of-nigeria-plc-okpara-avenue-enugu-state-3958>.
"Fraud Management And Forensic Accounting Benefits, Challenges And Prospects (a Case Study Of First Bank Of Nigeria Plc.okpara Avenue, Enugu State).." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4273/fraud-management-and-forensic-accounting-benefits-challenges-and-prospects-a-case-study-of-first-bank-of-nigeria-plc-okpara-avenue-enugu-state-3958.
- Related Works
- Financial Strategies For A Globalized Firm
- Evaluation Of Cash And Credit Management Policies As An Instrument For Avoiding Illiquidity And Liquidations (a Case Study Of Anamco, Enugu Statre
- Privatization And Commercialization Effect On Nigerian Economy
- The Impact Of Accounting Information On The Portfolio Management Of Bank
- Auditing Effieciency For Improving Companies Performances
- Capital Budgeting In A Private Sector (a Case Study Of Nigerian Breweries)
- The Impact Of Different Methods Of Depreciation On The Profitability Of A Company (a Case Study Of Anammco Motor Enugu State)
- Capital Market Structure And Development (a Case Study Of Nigeria Stock Exchange Nse)
- Study Of Financial Intermediation And Resource Mobilization (implication For Economic Development In Nigeria)
- Marginal Costing As An Essential Tool For Decision Making In A Manufacturing Company For Decision Making In A Manufacturing Company (a Case Study Of Anammco Enugu)