FORENSIC ACCOUNTING SERVICES AND CORPORATE FRAUD PREVENTION IN NIGERIAN MANUFACTURING COMPANIES

Abstract

The objective of the study is to investigate the forensic accounting practice on corporate fraud prevention in 
Nigerian manufacturing companies. The primary data was collected from Forensic Accountants and Auditors who 
are staff of selected manufacturing companies through self-administered questionnaire. Four hundred and fifty (450) 
questionnaires were distributed, out of which 310 were retrieved from respondents. This study employed ordinary 
least square (OLS) regression analysis in testing the research hypotheses raised. The results obtained from the 
analysis provided support for the forensic accounting skills, knowledge and techniques. Furthermore, it is apparent 
that the significant positive influence of forensic accounting practices (skills, knowledge and techniques) of forensic 
accountants and auditors indicated that the variables are essential requirements in enhancing corporate crime 
mitigation in selected manufacturing. Similarly, it was found that forensic accountants have higher levels of the 
skills, knowledge, technique and training of code of ethics (forensic accounting tools) on corporate fraud prevention 
than auditors. The study, therefore, recommended that auditors in the manufacturing industry should develop more 
interest to enhancing their capabilities in corporate fraud prevention.