Forensic Accounting and Fraud Detection and Prevention in the Nigerian Public Sector

Vollständiger Abstract

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This study investigates the effectiveness of forensic accounting techniques in detecting and preventing fraud within the Nigerian public sector. It examines the prevalent types of fraud, the limitations of traditional auditing, and the contributions of forensic accounting methods. Through a review of relevant literature and empirical studies, the research assesses the impact of forensic accounting in Nigeria, identifying challenges and proposing recommendations and improvement. This study employs a descriptive research design using secondary data, analyzing existing data from reports, case studies, and scholarly articles to evaluate the effectiveness of forensic accounting interventions in combating public sector fraud. It investigates the role of forensic accounting in enhancing fraud detection and prevention within Nigeria’s public sector. Secondary data was utilized from 25 public sector institutions; the research analysis trends in fraud cases and the implementation of forensic accounting practices. The findings reveal a significant correlation between the adoption of forensic accounting techniques and a reduction in fraudulent activities. The study recommends the institutionalization of forensic accounting units across public sector organizations to foster financial integrity.