FRAUD PENTAGON MODEL AND DISCREATIONARY ACCRUALS IN DEPOSIT MONEY BANKS IN NIGERIA
Keywords:
Deposit Money Banks, Discretionary Accruals, Fraud Pentagon, Pressure, rationalizationAbstract
This study examined the effect of fraud pentagon model and discretionary accruals in deposit money banks in Nigeria. Notably, in spite of banking regulation and examination by Central Bank of Nigeria Deposit Bank insurance Corporation, and the Chartered Institute of Bankers of Nigeria, there is still a growing concern about fraud and other unethical practices in the commercial practices in the commercial banks. Specifically, the study intends to determine the effect of; pressure on discretionary accruals, opportunity on discretionary accruals, rationalization on discretionary accruals , capability on discretionary accruals, arrogance on discretionary accruals all on deposit money banks. Secondary data was used in this study and OLS multiple regression was used to analysed the data with the aid of E- View 10 output statistical software. The study employed an ex post factor research design. The sample comprised thirteen (13) Deposit Money Banks listed in the Nigerian Exchange Group as at 31st December, 2022. Findings, pressure, opportunity, rationalization and capability positively relate to discretionary accruals of deposit money banks; while, arrogance was positive and non-significant., the study therefore recommended that Shareholders and managers should be effective in mitigating pressure, Managers should mitigate opportunity, Managers should constantly look at rationalisation risk, Managers should constantly monitor firms’ accounting systems to mitigate capability and Forensic accountants and anti-graft agencies should look at arrogance potential.
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