COMPUTERIZED FORENSIC INVESTIGATION TECHNIQUE AND FRAUD DETECTION IN THE PUBLIC SECTOR: PERCEPTION OF PROFESSIONAL ACCOUNTANTS IN ANAMBRA STATE

Authors

  • Bibbian C. Ofoje Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria
  • Meshack Aggreh Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Computerized Forensic investigation,, Forensic Accounting, Fraud Detection,, Fraud Litigation

Abstract

The study examines the relationship between computerized forensic investigation and fraud detection in Nigeria. The three specific objectives of the study were to: determine the perception on forensic accounting practice regarding fraud detection in the Nigerian Public sector; determine the relationship between fraud litigation practice and fraud detection in the Nigerian Public sector; evaluate the perception of accountants on whether computerized forensic accounting techniques aid in fraud detection in the Nigerian Public sector. Descriptive survey research design was adopted for the study. Purposive sampling approach was applied in selecting a sample of two hundred and forty-two (242) professional accountants from a population of 612 professional accountants affiliated to ICAN and ANAN and are practicing in Anambra State. Primary data were collected through the means of a structured questionnaire. The inferential analysis in the present study was done by means of Ordinal Regression Model at 5% significance level. The results showed that: forensic accounting practice significantly and positively relates to fraud detection in the Nigerian public sector (β = 0.4339, p-value = 0.011); there is no significant relationship between fraud litigation practice and fraud detection in the Nigerian Public sector (β = -0.0302, p-value = 0.822); computerized forensic accounting techniques significantly aids in fraud detection in the Nigerian Public sector (β = 0.3089, p-value = 0.010). The study recommended that organizations in the Nigerian public sector should consider utilizing computerized techniques, such as data analytics and artificial intelligence, to support their fraud detection efforts. These techniques can automate and streamline the process of fraud detection, making it faster and more accurate.

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Published

2023-05-11

How to Cite

Ofoje, B. C., & Aggreh, M. (2023). COMPUTERIZED FORENSIC INVESTIGATION TECHNIQUE AND FRAUD DETECTION IN THE PUBLIC SECTOR: PERCEPTION OF PROFESSIONAL ACCOUNTANTS IN ANAMBRA STATE. Journal of Global Accounting, 9(1), 407–447. Retrieved from https://journals.unizik.edu.ng/joga/article/view/2074

Issue

Vol. 9 No. 1 (2023): April

Section

Articles

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