Author(s) :

Ojelabi, Sunday Adeyemi, Aruwa, Sulieman S. A, Ngerebo-a, Tamunonimim A.

Volume/Issue :

Abstract :

Despite the solidification of forensic accounting in government parastatals, the objectives are not attained at the expected level. This study examined the effect of forensic accounting practices on fraud management in selected federal government ministries in Nigeria. The study adopted a descriptive survey research design. The population for this study consists 1550 staff in the Office of Auditor General for the Federation. Three hundred and forty nine (349) questionnaires were administered. Primary data was collected using 5-point Likert scale structured questionnaire for the study. Partial Least Square Structural Equation Modeling (PLS-SEM) was employed to model the regression analysis. The study found that fraud investigation and fraud analytic have positive and significant effect on fraud management. The study recommends that organizations should ensure that adequate resources, including financial and human resources, are allocated to support fraud investigation efforts. Also, the study recommends that organizations should utilize sophisticated techniques to analyze vast amounts of data from various sources such as transaction records, customer information, and external databases.

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