FORENSIC ACCOUNTING AND FRAUD PREVENTION IN THE NIGERIA PUBLIC SECTOR

In the course of this work, forensic accounting was defined in various ways. Forensic accounting is sometimes called investigative accounting, though it involves the application of accounting concepts and techniques. 2) The study revealed that, very few people know much about forensic accounting and also that there are very few professionals in the field and these professionals obtained their certificates outside the country. Though professional bodies in the country are conducting examinations relating to it in a sketchy way, an institute of forensic accounting is hoped to be established soon to coordinate the practice in the country. 3) In the course of the study, it was discovered that the Financial Intelligence Unit of the EFCC is a unit that put into practice forensic accounting principles and fraud investigations, even though there are no forensic accountants among the members. It is clear that forensic accounting has entered the public organizations and its concepts are being used in the public sector and law enforcement agencies even though there are only but few professional forensic accountants. 4) The study has been able to establish that forensic accounting and fraud investigation has made a positive impact and will make more impacts positively in the country if given proper attention