Browsing by Author "Ogbona Precious Ijeoma"

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    The Challenges and Prospests of Forensic Accounting and Investigative Audit as an Effective Tool to Repositioning Nigeria Economy.
    (Lasu Journal of Accounting and Finance, 2019-12) Uchehara Chris Chigo; Ogbona Precious Ijeoma
    The study explores the prospect and challenges of forensic accounting and investigative audit as a tool for repositioning the Nigerian economy. The study was carried out among these stakeholders; internal auditors, and external auditors of the four selected industries (Cadbury Nigeria Plc, First Bank Plc and PricewaterhouseCoopers and NPA) in Lagos State. A total number of one hundred (100) questionnaires copies were administered to the respondents. Results show that Forensic accounting is an indispensable practice that requires adoption in the drive towards repositioning the Nigeria economy. Forensic accounting and investigative if rightly explored has the potentials of uncovering financial misdeeds, fraud and misappropriation at any point in time. Based on these findings, it is recommended that emphasis on the practice of forensic accounting and investigative audit in both private and public sector of Nigeria should be on the basis of its viability in assisting towards reducing the growing financial malpractices and its associated crimes in Nigeria. In addition internal audit activities should be regulated to ensure compliance with forensic accounting and investigative audit standards so that fraud and other associated corrupt practices can be reduced.