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The Usefulness Of Forensic Audit In The Prevention And Detection Of Fraud
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1.5 STATEMENT OF HYPOTHESES
The statement of hypothesis provides a
measurement criterion that keeps the researcher on the main line of the
study (Osuala 1982:44). In order words, it is “a speculation of the way
the variables of study behaves†it is a guide method to be used in their
analysis. The needs for such guides rise to the following hypothesis;
HYPOTHESIS ONE
H0: There is no loss of customers/depositors in financial institutions.
H1: There is loss of customers/depositors in financial institutions.
HYPOTHESIS TWO
H2i:
There is no significant relationship between frequent occurrence of
fraud and investors loss of confidence in financial institution.
H2ii:
There is a significant relationship between frequent occurrence of
fraud and investors loss of confidence in financial institution.
HYPOTHESIS THREE
H3i: There is no significant need to employ a forensic auditor in a financial institution.
H3ii: There is a significant need to employ a forensic auditor in financial institutions.
1.6 SIGNIFICANCE OF THE STUDY
This
study will be of great importance to the government since it will help
to determine the actual income of every companies and banks so as to pay
the exact tax. It will also give them positive insight on how to fight
this evil menace called corruption in the country. It will also be of
great benefit to the corporate world as the effective work of forensic
auditors will help prevent, reduce and detect fraud and other corporate
crimes in an organization it will help the investors and depositors to
know the financial position of the institution they are investing in if
it is going to be a profit venture or not, and also to schools and
students, it will serve as a reference point for future researchers who
will want to research more on the topic.
1.7 SCOPE OF THE STUDY
This
study was designed to discuss the usefulness of forensic audit in
preventing and detecting fraud in an organization†the research will be
restricted to the two selected banks in Enugu state.
1.8 LIMITATION OF THE STUDY
I was confronted with some problems when carrying out this research. These problems include.

Uncorporative attitude of some of my respondents:- some of the
respondents refused to fill my questionnaires and some refuse to return
the filled ones.
 Problem of school exeat: Due to the nature of my
school I was confronted with the problem of permission to leave school
to carry out my research such as sharing and collection of
questionnaires and other materials relevant to my research work.

Financial problems:- the success of my research work depends on the
finance availability and this affected the researcher because the
finance at his disposal was not sufficient to carry out the research
effectively.
 Time:- this has to do with the time-frame given for
the completion of the study and also other challenges; activities and
engagements forcing me as a final year student reduced my time-frame.
1.9 DEFINITION OF TERMS.
FORENSIC
ACCOUNTING:- It is a specially practice area of accounting that
describes engagements that results from anticipated disputes or
litigations.
FORENSIC: According to oxford advance learners dictionary means connected with or used in the court to law.
INVESTIGATIVE ACCOUNTING: This is the reviews of the factual situation of a company and suggest possible course of action.
WHITE-COLLAR
CRIME:- Edwin Sutherland in 1939 defines it as “a crime committed by a
person of respectability and high social status in the course of his
occupation.
It is a financially motivated nonviolent crime committed for illegal monetary gain.
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