RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS
This study examines the relevance of forensic accounting professional certifications on fraud reduction in Nigerian deposit money banks. The study is based on ex post facto and survey research designs. Data was collected through primary and secondary sources. Analysis of secondary data was done usi...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2023-11-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/47 |
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| _version_ | 1823859646475010048 |
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| author | Kamaluddeen Funsho Adisa IBRAHIM |
| author_facet | Kamaluddeen Funsho Adisa IBRAHIM |
| author_sort | Kamaluddeen Funsho Adisa IBRAHIM |
| collection | DOAJ |
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This study examines the relevance of forensic accounting professional certifications on fraud reduction in Nigerian deposit money banks. The study is based on ex post facto and survey research designs. Data was collected through primary and secondary sources. Analysis of secondary data was done using Ordinary Least Square (OLS) regression technique which further necessitated correction of the problem of autocorrelation via Generalized Least Square regression. Bootstrapping estimation procedure was also carried out to confirm the regression results from the tested hypothesis. Analysis of primary data was undertaken, using One-way ANOVA. The results from the findings based on the bootstrapping estimation method clearly suggest that increasing the engagement of forensic accountants’ significantly reduces the incidence of fraud in deposit money banks in Nigeria. The results further reveal significance difference in practitioners’ perceptions on the relevance of forensic accounting certification criteria to fraud reduction in Nigeria which successfully meets the body of knowledge, ethical code of conduct and protection of public interest conditions but fails to adequately fulfil the control of entry requirement. Consequently, the study recommends, among other policy options, more awareness campaign by professional bodies to educate regulatory authorities on constant utilisation of forensic accounting services.
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| format | Article |
| id | doaj-art-d17c6c58f5304dcca6092cfe8af21499 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-d17c6c58f5304dcca6092cfe8af214992025-02-10T23:06:28ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032023-11-0121RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKSKamaluddeen Funsho Adisa IBRAHIM0University of Abuja, Nigeria This study examines the relevance of forensic accounting professional certifications on fraud reduction in Nigerian deposit money banks. The study is based on ex post facto and survey research designs. Data was collected through primary and secondary sources. Analysis of secondary data was done using Ordinary Least Square (OLS) regression technique which further necessitated correction of the problem of autocorrelation via Generalized Least Square regression. Bootstrapping estimation procedure was also carried out to confirm the regression results from the tested hypothesis. Analysis of primary data was undertaken, using One-way ANOVA. The results from the findings based on the bootstrapping estimation method clearly suggest that increasing the engagement of forensic accountants’ significantly reduces the incidence of fraud in deposit money banks in Nigeria. The results further reveal significance difference in practitioners’ perceptions on the relevance of forensic accounting certification criteria to fraud reduction in Nigeria which successfully meets the body of knowledge, ethical code of conduct and protection of public interest conditions but fails to adequately fulfil the control of entry requirement. Consequently, the study recommends, among other policy options, more awareness campaign by professional bodies to educate regulatory authorities on constant utilisation of forensic accounting services. https://majaf.com.ng/index.php/majaf/article/view/47CertificationForensic AccountingFraud Reduction |
| spellingShingle | Kamaluddeen Funsho Adisa IBRAHIM RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS Malete Journal of Accounting and Finance Certification Forensic Accounting Fraud Reduction |
| title | RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS |
| title_full | RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS |
| title_fullStr | RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS |
| title_full_unstemmed | RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS |
| title_short | RELEVANCE OF FORENSIC ACCOUNTING PROFESSIONAL CERTIFICATIONS ON FRAUD REDUCTION IN NIGERIAN DEPOSIT MONEY BANKS |
| title_sort | relevance of forensic accounting professional certifications on fraud reduction in nigerian deposit money banks |
| topic | Certification Forensic Accounting Fraud Reduction |
| url | https://majaf.com.ng/index.php/majaf/article/view/47 |
| work_keys_str_mv | AT kamaluddeenfunshoadisaibrahim relevanceofforensicaccountingprofessionalcertificationsonfraudreductioninnigeriandepositmoneybanks |