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Category: Project Material

FORENSIC ACCOUNTING: ANTIDOTE AGAINST ECONOMIC AND FINANCIAL CRIMES IN NIGERIA(A CASE STUDY OF DELTA STATE INTERNAL BOARD OF REVENUE SERVICES, OZORO)

ABSTRACT/DESCRIPTION


Corruption and other financial and economic crimes is a hydra-headed monster that permeates every facets of the Nigerian society and threatens her economy value system. Corruption has done harm to the government developmental efforts in no small measure. The objective of this research study is study and report on the extent to which forensic accounting can be used to redeem, salvage and jettison the battered image of the country with respect to checkmating corruption and other financial crimes. Survey design was used for convenience and ease accessibility of the respondents and collection of data. Primary and secondary sources of data were used. Three hypotheses were formulated and tested using simple Chi-square statistical tool was also used. The result showed that forensic accounting is a financial strategy to curb and eradicate economic and financial crimes in Nigeria economy. Findings were that forensic accounting has a relationship with good corporate governance for public confidence and eradication of crime and corruption in the public sectors of the economy, among other findings. We recommend among others that the government of Nigeria should enact an Act that will strengthen forensic accounting practice in Nigeria so as to put an end to corruption in the economy.

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