FORENSIC AUDITING AND FRAUD MITIGATION IN FEDERAL PUBLIC ENTERPRISES IN RIVERS STATE, NIGERIA

Authors

  • Prof. Israel Omesi
  • Dr Osayande Osamudiamen

Keywords:

Expert Witness, Litigation Support, Forensic Auditing, Fraud Mitigation, Falsification Of Financial Statement, Payroll Fraud and Economic and Financial Crime Commission (EFCC)

Abstract

 The study examined forensic auditing and fraud mitigation in federal public enterprises in Rivers State, Nigeria. The objectives of the study among others were to; Examine the influence of expert witness on falsification of financial statement in federal public enterprises in Rivers state, Nigeria. Determine the influence of litigation support on falsification of financial statement in federal public enterprises in Rivers state, Nigeria. Determine the influence of expert witness on payroll fraud in federal public enterprises in Rivers state, Nigeria. This study basically adopted correlational survey research design. The population of the study is hundred twenty-seven (127) knowledgeable and competent staff in fifteen (15) conveniently selected only internally generating revenue federal public enterprises in Rivers states, Nigeria. The instrument of the study was primary data. The research questions were analyzed using Mean and Standard Deviation in the distributive statistics tables. And hypotheses were analyzed using multiply regression. The findings of the study among others were; expert witness does have a significant influence on falsification of financial statement in federal public enterprises in Rivers state, Nigeria. The influence of litigation support on falsification of financial statement in in federal public enterprises in Rivers state, Nigeria is not significant. Expert witness does have a significant influence on payroll fraud in in federal public enterprises in Rivers state, Nigeria. The study recommends among others; Professional forensic auditors should insist that the expert witnesses’ techniques used in the study and other forensic auditing techniques are adequately utilized by directors and captains of public sector to totally eliminate falsification of financial statement reoccurrences. Expert witnesses should continue to give evidence and administer in the court of law in order to significant influence on falsification of financial statement in federal public enterprises in Nigeria. The two professional accountancy bodies in Nigerian should organize regular conferences, seminars and workshops for their members where emerging trends in anonymous communication are highlighted to help professional forensic auditors detect and prevent frauds or at least reduce in public enterprises.

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Published

2025-01-16

How to Cite

Omesi, P. I., & Osamudiamen, D. O. . (2025). FORENSIC AUDITING AND FRAUD MITIGATION IN FEDERAL PUBLIC ENTERPRISES IN RIVERS STATE, NIGERIA. BW Academic Journal. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/2562