THE USEFULNESS OF FORENSIC AUDIT IN THE DETECTION AND PREVENTION OF FRAUD

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NUMBERS PAGES:- 78/ RESEARCH TYPE:- Project  / AMOUNT :- ₦2500









 

                                                                                  Abstract
The increase in the number of cases of financial fraud due to failure of statutory audit to detect and prevent fraudulent activities has given rise for the services of forensic accountants. This project highlights how forensic accountants can be employed to resolve this challenge. The study was a theoretical research which considered the roles of forensic accountants in combating fraudulent activities, differences between a forensic accountant and traditional accountant, features of a forensic accountant and the impact of forensic accountants to detect and prevent fraud. From the research, it was found out amongst others that their services will assist audit committee members in carrying out their oversight functions by providing them assurance on internal audit report. Some of the recommendations proffered is for government to ameliorate the cost of hiring the services of forensic accountants and to treat culprits equally without any favoritism.

TABLE OF CONTENT:
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1
.2 Statement of the Research Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions
1.5.1 STATEMENT OF HYPOTHESES
1.6 Scope and Limitations of the Study
1.7 Conceptual and Operational Definition
CHAPTER TWO
LITERATURE REVIEW
2.0 INTRODUCTION
2.1 ACADEMIC REVIEW
2.2 WHAT IS FORENSIC ACCOUNTING?
2.3 ADVANTAGES AND DISADVANTAGES OF FORENSIC ACCOUNTING
2.4 THE INCIDENCE OF FRAUD
2.5 PROFILE OF AN EMPLOYEE WHO COMMITS FRAUD
2.6 THE FRAUD TRIANGLE
2.7 WAYS OF PERPETRATING A CORPORATE FRAUD.
2.8 CAUSES OF FRAUD.
2.9 FRAUD AND BANK/BUSINESS FAILURE
2.10 HOW FRAUD HAS LED TO BANKS FAILURES
2.11 FRAUD AND INVESTORS LOST OF CONFIDENCE
2.12 THE EFFECTS OF FRAUD
2.13 INTRODUCING NEW SPECIALIZATION IN ACCOUNTING
2.14 THOSE QUALFIEID AS FORENSIC ACCOUTNNATS AND AUDITORS
2.15 FORENSIC ACCOUNTING SPECIALISTS AS ASSETS TO FRAUD INVESTIGATION
2.16 SKILLS A FORENSIC AUDITOR REQUIRE
2.17 FINANCIAL AUDIT VERSUS FORENSIC AUDIT.
2.18 FINANCIAL AUDITOR VERSUS FORENSIC ACCOUNTING
2.19 DISTINCTION BETWEEN STATUTORY AUDIT AND FORENSIC ACCOUNTING
2.20 CERTIFICATION OF FORENSIC ACCOUNTANTS
2.21 APPLICATION OF FORENSIC AUDIT.
2.22 THE ROLE OF FORENSIC AUDIT IN FRAUD PREVENTION AND DETECTION
2.23 NET WORTH METHOD: A TOOL FOR FORENSIC ACCOUNTANTS.
2.24 TRANSACTION MONITORING

CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research design
3.2 Areas of the study
3.3 Sample and sampling procedure
3.4 Instruments for data collection
3.5 Validation of the instruments
3.6 Reliability of the instruments
3.7 Methods of data collection
3.8 Method of data analysis
CHAPTER FOUR
DATA ANALYSIS AND RESULTS
4.1 Data Analysis
4.2 Results
4.3 Discussion
CHAPTER FIVE
SUMMARY CONCLUSIONS AND RECOMMENDATIONS
5.1 summary
5.2 Conclusions
5.3 Recommendations
Bibliography