FINANCIAL CRIMES AND FORENSIC AUDITING: A STUDY OF NIGERIA CASES
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Date
2025-03-01
Journal Title
Journal ISSN
Volume Title
Publisher
Nigerian Journal of Banking and Financial Issues (NJBFI)
Abstract
Curbing the menace of financial crimes through forensic audit is imperative due to the global failure of
statutory audit. This study examined financial and crimes forensic auditing evidence from Nigeria cases.
This study employed a survey research method through the questionnaire. The data collected was
analyzed using regression models. The research discovered that P–value = 0.00<0.05 level of significant
and the regression line is CFCs = 0.335 + 0.746β1 + 0.042β2-0.078β3++ut. The study also found that
data based collection and data mining are effective enough and capable of curbing financial crimes in
Nigeria, although ratio analysis is weak in doing that. The research concluded that forensic audit
techniques are effective in combating financial crimes in Nigerian private sector. This study
recommended that forensic audit courses should be given a more spaces in the academic curricula of
Universities to increase its awareness in Nigeria.
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