Browsing by Author "Subair, Muhammed Lawal"

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    FORENSIC ACCOUNTING PRACTICES AND INFLUENCING FACTORS: EVIDENCE FROM PROFESSIONAL ACCOUNTANTS IN LAGOS
    (Faculty of Management and Social Sciences, 2024) Abdullahi, Abdulrasheed Taiwo; Mustapha, Abdulrazaq; Salaudeen, Ibrahim; Shuaib, Abdul-hakeem; Subair, Muhammed Lawal
    This study investigates the impact of forensic accounting practices, professional regulation, and institutional factors on the effectiveness of forensic accounting among professional accountants in Lagos, Nigeria. With increasing financial crimes and fraud across various sectors, forensic accounting has emerged as a critical tool for detecting and preventing these issues. However, the effectiveness of forensic accounting practices can be influenced by the regulatory environment and institutional factors. Using a quantitative research approach, data was collected from 200 professional accountants through structured questionnaires. The findings reveal that forensic accounting practices significantly enhance financial accountability and fraud detection, with a strong positive relationship (β = 0.58, p < 0.01). Professional regulation also plays a crucial role, positively impacting forensic accounting outcomes (β = 0.42, p = 0.007), although to a slightly lesser degree. Institutional factors showed a positive but marginally significant effect (β = 0.35, p = 0.055), indicating the need for stronger institutional support to further enhance forensic accounting practices. The study highlights the importance of a robust regulatory framework and institutional infrastructure in improving forensic accounting practices. The results have important implications for policymakers, regulators, and professional bodies, emphasizing the need to strengthen professional regulations and institutional frameworks to maximize the effectiveness of forensic accounting in fraud prevention and financial accountability in Nigeria. Future research should explore additional contextual factors that may influence forensic accounting practices in other regions