- The Complete Research Material is averagely 94 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Get the complete project »

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The incidence of fraud and misappropriation of funds in recent time poses a threat to auditing as a branch of accounting profession because of its perennial nature. This has resulted to questions as to whether auditing actually play any significant role towards the attainment of accountability and prevention of fraud especially that which is currently happening in our major or key financial institutions.
Most of our financial institutions today fail to recognize that the phenomenon “fraud” can appear to be more dangerous when compared to other forms of problem like armed robbery attack which can only affect the institution within a short period of time, such may have no long term effect on their operations. However, any significant fraud committed in an institution, not only undermines or shakes up it’s financial stability but can severely affect the reputation of the institution thereby resulting to investor’s loss of confidence.
Most times, the directors write off losses of fraud (including money laundering) under the general heading of “bad debt” rather than admitting that there have been a general failure to exercise or implement proper safeguards in the system of internal checks and control or managerial negligence in applying or perfecting the
2
appropriate oversight to routine business process where institutions funds and assets are at risk. In order to counter, stop and prevent the perpetration of such frauds comes forensic auditing or accounting.
Forensic auditing or accounting is the specialty practice area of accounting that describes engagements that results from actual or anticipated disputes or litigation. “forensic” means “suitable for use in a court of law” and it is to that standard and potential outcomes that forensic accountants also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial of companies and institutions who have committed fraud, in a court of law.
1.2 STATEMENT OF THE PROBLEM
This topic “the usefulness of forensic auditing in prevention and detection of fraud” was conducted to focus on most important problems facing a corporate organization. The failure of statutory audit to prevent and reduce misappropriation of corporate and an increase in corporate crimes has put pressure on the professional accountant and legal practitioner to find a better way of exposing this evil frame in business world such as.
• The problems of loss of customers/depositors
3
• The persistent increase in business failures fuelled or encouraged by frequent incessant fraudulent activities in our financial institutions.
• The problem of lack of confidence on the part of the investing public to commit their resources to financial institutions due to fraud.
• The problem of how financial institutions to embrace forensic audit as a useful tool in prevention and detection of fraud.
1.3 STATEMENT OF THE OBJECTIVES
The general objective of this study is to inculcate the knowledge of forensic auditing in preventing and detecting corporate fraud in Nigeria. Though the main objective of forensic auditing will vary according to the purpose of hiring individual or entity, the essence of this study is to employ the new knowledge to uncover fraud, crimes and evasions of financial obligations or malpractices committed through manipulation of accounting records. The specific objectives of this study are as follows;
• To establish the reason for the loss of customer/depositors
• To investigate how incidence of fraud, encourages or leads to business/bank failures
4
• To examine the reason behind investors loss of confidence toward investing or depositing in financial institutions;
• To ascertain how forensic audit has been a useful tool in prevention and detection of fraud in our financial institutions
1.4 RESEARCH QUESTIONS
In order to achieve the objective of the study, the following research hypothesis have been raised, providing answers to them will help achieve the aim of this work. These questions includes;
• How do financial institution loss their customers/depositors.?
• In what way would high and frequent committing of fraud lead to or encourage business failure?
You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. “FINANCIAL ACCOUNTING: A PANACEA ON THE CORPORATE PERFORMANCE OF BUSINESS ORGANIZATIONS:
» INTRODUCTION 1.1 BACKGROUND OF THE STUDY The impact of financial reporting on the corporate performance of a business organization is becoming more ap...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. THE EFFECT OF COST ACCOUNTING TECHNIQUES ON PERFORMANCE OF SME’s A SURVEY OF SELECTED SMALL AND MEDIUM FIRMS IN AKWA IBOM STATE.
» ABSTRACT Small and medium scale enterprises (SMEs) are very important to the development of the economy. This is because their roles promote the econo...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. Impact Of Raw Material Sourcing On Profitability, A Case Study Of Nigerian Breweries Plc Kaduna
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study The world class has embraced the phenomenon of sourcing and companies have adopted its principles...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. THE ROLE OF STATUTORY AUDITOR IN CONTROLLING FRAUD IN GOVERNMENT OWNED ESTABLISHMENT (A CASE STUDY OF UNIVERSITY OF NIGERIA TEACHING HOSPITAL UNTH, E...
» ABSTRACT This research work is view of the role of a statutory Auditor with intention of determining how it helps in cubing frauds in government owned...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. EFFECTIVE INTERNAL CONTROL SYSTEM AS A MEANS OF FRAUD PREVENTION AND DETECTION IN HOSPITAL MANAGEMENT (A STUDY OF ALUTA HOSPITAL, OLEH)
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study No economic entity can progress when there is fraud in the operations of its management. Fraudule...Continue Reading »Item Type & Format: Project Material - Ms Word | 48 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Before now, business Success was built on the ability to move goods and services with speed and a...Continue Reading »Item Type & Format: Project Material - Ms Word | 73 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. THE IMPACT OF EFFECTIVE CONTRACT PLANNING ON CONTRACTORS PROFIT (A CASE STUDY OF JULIUS BERGER NIGERIA PLC, UYO)
» ABSTRACT Effective contract planning in construction projects is not only crucial to attainment ofproject objectives but necessary if project failure ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. ACCOUNTING INFORMATION AND MANAGEMENT DECISION MAKING: A STUDY OF ANCHOR INSURANCE COMPANY LIMITED, UYO.
» ABSTRACT The main objective of this study was to examine the usefulness of accounting information in management decision making of an organization. To...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. THE IMPACT OF INTERNATIONAL FINANCIAL REPORTING STANDARD (IFRS) ON THE QUALITY OF FINANCIAL STATEMENTS (A CASE STUDY OF FIRST BANK PLC)
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This study sets out to examine whether the impact of International Financial Reporting Standards ...Continue Reading »Item Type & Format: Project Material - Ms Word | 72 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. The Contribution of Agricultural Sector on the Economic Growth of Nigeria
» ABSTRACT Agriculture is known as the engine and panacea for economic growth in most developing nations of the world. As once asserted by Nobel laureat...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT