Appraisal of Public Awareness in Forensic Accounting in Nigeria
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Abstract on Appraisal of Public Awareness in Forensic Accounting in Nigeria
This research work is an Appraisal of Public Awareness on Forensic Accounting in Nigeria. Which many Nigerian’s do not know more about.
Hypothesis and research question were carried out and it was very useful in achieving the objectives of these study, were also stated in both all and alternative forms.
To achieve this interviews, questionnaires were conducted and administered on 100 respondents and 98% was achieved this is probably because of the caliber of the respondents who were majorly students and workers in the banking sector.
The statistical techniques used to analyze the data were chi-square and hypothesis. These hypotheses were formulated and tested based on the analysis of data collected, the following major findings were made.
The level of awareness of Forensic Accounting in the Nigerian economy
If forensic accounting should be introduced into the Curriculum of Universities.
If forensic accounting will help restore the mobility of accounting profession.
If the introduction of forensic accounting can help build transparency honesty in the Nigeria economy.
If forensic accounting can help build students moral principles.
If it can find application on the Nigeria public sector
If forensic accounting can help reduce corruption that is inherent in the nation’s economy
If the Nigerian government will benefit if put into practices and if forensic accounting will help reduce the rate of ethical violation in financial institution thus reducing the work load of EFCC.
If forensic accounting will help investors benefit from the study, as it will help broaden their horizon about various unethical practices perpetuated in banks and how they stand to benefit from the service of the forensic chartered accountant in providing evidence admissible by the courts during litigation.
If forensic accounting in the financial institution can help the accountant stands as an epitome of ethical reference.
In order to answer these questions and to test this hypothesis, data were collected from both primary and secondary sources. The primary source being through the distribution of questionnaire to banks and higher institutions of learning situated in Edo State.
Based on the result obtained from the analysis of responses and the hypothesis tested. It was seen that actually the awareness of forensic accounting can help build Nigerian economy with this one can conveniently say that Nigerians need this trend accounting (forensic accounting) in order to grow.
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