The survey design was used in the study with a sample size of 143
consisting of accountants, management staffs, practicing auditors and shareholders. The simple random
technique was utilized in selecting the sample size, while the binomial test was employed in the data analysis. The
findings of the study indicate that there is significant agreement amongst stakeholders on the effectiveness of
forensic accounting in fraud control, financial reporting and internal control quality. In line with the above
findings, we recommend that the Institute of Chartered Accountants of Nigeria, Association of National
Accountants of Nigeria and the National Universities Commission should encourage formalization and
specialization in the field forensic accounting. In addition, the government should stimulate interest in forensic
accounting for monitoring and investigation of suspected corruption cases.
The survey design was used in the study with a sample size of 143consisting of accountants, management staffs, practicing auditors and shareholders. The simple randomtechnique was utilized in selecting the sample size, while the binomial test was employed in the data analysis. Thefindings of the study indicate that there is significant agreement amongst stakeholders on the effectiveness offorensic accounting in fraud control, financial reporting and internal control quality. In line with the abovefindings, we recommend that the Institute of Chartered Accountants of Nigeria, Association of NationalAccountants of Nigeria and the National Universities Commission should encourage formalization andspecialization in the field forensic accounting. In addition, the government should stimulate interest in forensicaccounting for monitoring and investigation of suspected corruption cases.
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