Impact of Provision of Litigation Supports through Forensic Investigations on Corporate Fraud Prevention in Nigeria
Imene Friday Oghenefegha
Department of Accounting, University of Lagos, Akoka, Nigeria
Corresponding Address: Tel: +2348077883496, Email: firstname.lastname@example.org
Accepted 26 April 2021
Citation: Imene FO (2021). Impact of Provision of Litigation Supports through Forensic Investigations on Corporate Fraud Prevention in Nigeria. Journal of Accounting, Auditing and Taxation, 5(1): 052-059.
Copyright: © 2021 Imene FO. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are cited.
This paper presents an argument through the fraud triangle theory that the provision of litigation supports through forensic audits and investigations in relation to corporate fraud cases is adequate for effective prosecution of perpetrators as well as corporate fraud prevention. To support this argument, this study operationalized provision of litigation supports through forensic audit and investigations, data mining for trends and patterns, and fraud data collection and preparation. A sample of 500 respondents was drawn from the population of professional accountants and legal practitioners in Nigeria. Questionnaire was used as the instrument for data collection and this was mailed to the respective respondents. Resulting responses were analyzed using the OLS multiple regression techniques via the SPSS statistical software. The results reveal that the provision of litigation supports through forensic audits and investigations, fraud data mining for trends and patterns and fraud data collection and preparation for court proceedings have a positive and significant impact on corporate fraud prevention in Nigeria. This study therefore recommends that regulators should promote the provision of litigation supports through forensic audits and investigations in relation to corporate fraud cases in publicly listed firms in Nigeria, as this will help provide reports that are acceptable in court proceedings.
Keywords: Forensic Audit, Forensic Investigation, Corporate Fraud, Litigation Support, Data Mining, Court Proceeding, Fraud Data