Forensic Accounting and Fraud Detection and Control in Deposit Money Banks in Nigeria.

This study examined the relationship between forensic accounting and fraud detection and control in deposit money banks in Nigeria. Survey research design was employed for the study with primary data obtained through the use of structured Likert scale questionnaire. The data were tested using descriptive statistics and Pearson Product Moment Correlation Coefficient on Statistical Package for Social Sciences. The study findings showed that fraud detection practices have significant positive and very strong relationship with fraud detection and control, fraud prevention practices have significant positive and strong nexus with fraud detection and control, there is significant positive and very strong relationship between fraud control practices and fraud detection and control, litigation supports have significant positive and very strong relationship with fraud detection and control and financial transparency has significant positive and strong relationship with fraud detection and control in DMBs in Nigeria. The study recommends among others that banks should establish dedicated forensic accounting departments or engaged professional forensic accountants into their internal audit and compliance units to ensure all-inclusive monitoring and early detection or control of fraudulent activities.

Forensic Accounting, Fraud, Detection, Prevention, Litigation

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