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Automated Forensic Auditing And Fraud Control In Nigeria
[A CASE STUDY OF THE ECONOMIC AND FINANCIAL CRIMES COMMISSION, PORTHARCOURT]
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1.4 RESEARCH QUESTION
Based on the foregoing, the following research questions were formulated:
i. Is there any significant relationship between automated forensic auditing and fraud control?
ii. Are there methods adopted to adequately train forensic auditors with investigative skills?
iii. Are these measures employed to solve the problem of insufficient documented materials necessary for investigating suspects?
iv. Are these standards set for improving on techniques that are meant for obtaining evidence?
1.5 RESEARCH HYPOTHESES
The following are the hypotheses to be tested.
Ho1: There is no significant relationship between automated forensic auditing and fraud control.
HA1: There is a significant relationship between automated forensic auditing and fraud control.
Ho2: There are no methods adopted to adequately train forensic auditors with investigative skills.
HA2: There are methods adopted to adequately train forensic auditors with investigative skills.
H03:
There are no measures employed to solve the problem of insufficient
documented materials necessary for investigating suspects.
HA3: There are measures employed to solve the problem of insufficient documented materials necessary for investigating suspects.
1.6 SIGNIFICANCE OF THE STUDY
This study of forensic auditing will be helpful to the following categories of users.
For Management: It will serve as a reference document for management to use as a guide for investigating and controlling fraud.
For Auditors: It will serve as a revision kit for practicing auditors in the field.
For
the Public: It will add to existing knowledge by exposing the public on
the matter of fraud, making them know that even if fraud cannot be
completely eradicated, it can be controlled.
For Researchers/Analyst: It will serve for future research study.
1.7. SCOPE OF THE STUDY
This
study covers the activities of the Economic and Financial Crime
Commission (EFCC), in Nigeria, especially the branch that is situated in
Port-Harcourt.
1.8. LIMITATIONS OF THE STUDY
This research work was faced with certain challenges owing to the fact that the topic in question is not yet widely known. VI2:
i.
Inadequate Materials: This was the major constraint of the research
work, for it was limited to few materials and mainly on internet.
ii.
Time Factor: This is another factor that limited the flow of this
research work. Time factor is a constraints limitation the study.
Inadequate time to work due to some school activities that restricts
student from going out to research.
iii. Distance: The different
location of where the materials are to be gathered from posed a problem
to this work, since it requires going from one accounting firm to
another to gather facts relating to the topic.
iv. School Exeat: Here
getting permission to sign out of school is a very big problem to the
researcher. School exeat sometimes limits us student from gathering
enough material for our work.
v. Fund: This serves as a major constraint to the research work. Enough funds are required in getting materials for this work.
1.9. DEFINITION OF TERMS
AUTOMATION:
This is the use of control systems and information technology to reduce
the need for human work in the production of goods and services.
FORENSIC: Belonging to, used in or suitable to courts of judicature.
FRAUD: Irregularities involving the use of criminal detection to obtain unjust or illegal advantage.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThe topic “Automated forensic auditing and fraud control in Nigeria†is a critical concept in modern days accounting, and our country Nigeria is not left out in its practice. This research aims at pointing out the rationale behind fraudulent practices as well as examining the role of automated forensic auditing on fraud control. A survey research design was adopted for this research study and the sample size was selected using Taro Yamane sampling technique as data used were ... Continue reading---
