Description
INTRODUCTION
The incidence of fraud and misappropriation of funds in recent time poses a threat to auditing as a branch of accounting profession because of its perennial nature. This has resulted to questions as to whether auditing actually play any significant role towards the attainment of accountability and prevention of fraud especially that which is currently happening in our major or key financial institutions.
Most of our financial institutions today fail to recognize that the phenomenon “fraud” can appear to be more dangerous when compared to other forms of problem like armed robbery attack which can only affect the institution within a short period of time, such may have no long term effect on their operations. However, any significant fraud committed in an institution, not only undermines or shakes up it’s financial stability but can severely affect the reputation of the institution thereby resulting to investor’s loss of confidence.
Most times, the directors write off losses of fraud (including money laundering) under the general heading of “bad debt” rather than admitting that there have been a general failure to exercise or implement proper safeguards in the system of internal checks and control or managerial negligence in applying or perfecting the
appropriate oversight to routine business process where institutions funds and assets are at risk. In order to counter, stop and prevent the perpetration of such frauds comes forensic auditing or accounting.
Forensic auditing or accounting is the specialty practice area of accounting that describes engagements that results from actual or anticipated disputes or litigation. “forensic” means “suitable for use in a court of law” and it is to that standard and potential outcomes that forensic accountants also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial of companies and institutions who have committed fraud, in a court of law.
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Statement of the objectives
1.4 Research questions
1.5 Statement of hypotheses
1.6 Significance of the study
1.7 Scope of the study
1.8 Limitation of the
1.9 Definition of terms. Forensic accounting
CHAPTER TWO
REVIEW OF RELATED LITERATURE.
2.0 Introduction
2.1 Academic
2.2 What is forensic accounting
2.3 Advantages and disadvantages of forensic accounting advantages of forensic Accounting
2.4 The incidence of fraud
2.5 Profile of an employee who commits fraud
2.6 The fraud triangle
2.7 Ways of perpetrating a corporate fraud.
2.8 Causes of fraud.
2.9 Fraud and bank/business failure
2.10 How fraud has led to banks failures
2.11 Fraud and investors lost of confidence
2.12 The effects of fraud
2.13 Introducing new specialization in accounting
2.14 Those qualfieid as forensic accoutnnats and auditors
2.15 Forensic accounting specialists as assets to fraud investigation
2.16 Skills a forensic auditor require
2.17 Financial audit versus forensic audit.
2.19 Distinction between statutory audit and forensic
2.20 Certification of forensic accountants
2.21 Application of forensic audit
2.22 The role of forensic audit in fraud prevention and detection
2.23 Net worth method
2.24 Transaction monitoring
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction
31 Research Design
3.2 Sources Of Data
3.3 Area Of The Study
3.4 Population Of The Study
3.5 Determination Of Sample Size
3.6 Reliability Test
3.7 Validity Test
3.8 Techniques For Data Analysis
CHAPTER FOUR
4.0 Introduction
4.0 Data Presentation And Analysis Introduction
4.2 Analysis Of Respondents And Responses
4.2 Test Of Hypothesis
CHAPTER FIVE
5.0 Summary Of Findings, Conclusion And Recommendations
5.1 Summary Of Findings
5.2 Conclusion
5.3 Recommendations
Questionnaire