THE EFFECT OF FORENSIC ACCOUNTING AND FINANCIAL STATEMENT FRAUD MINIMIZATION IN NIGERIA

Abstract

The main purpose of this paper was to ascertain the effect between forensic accounting and financial statement fraud minimization in Nigeria. The various concepts were discussed. The paper concluded that forensic investigation practices are very important for the minimization of financial statement fraud in food and beverages manufacturing companies, this is because the prospect of forensic investigation acts as deterrence for fraudulent activities. The paper recommend that, the extent of investigative service in checking fictitious revenues fraud was found to be moderate. Hence, management of food and beverages companies in Nigeria should employ competent forensic accountants in order to effectively investigate fictitious revenue fraud.