Abstract :
The study examined The need for forensic auditing in public sector fraud Reduction in Nigerian public sector. To achieve this objective, data was collected from secondary source which include press reports, report of Economic and Financial Crime Commission EFCC , Report of Independent and Corrupt Practices Commission ICPC and Report from investigation committees. Two hypotheses were tested with the use of simple regression analysis. The results revealed that there is a significant relationship between forensic audit and fraud reduction also, that an increase in Forensic Audit significantly leads to a decrease in the occurrence of fraud cases in Nigerian public sector. On the basis of this finding, the study concludes that the services of Professional Forensic Auditors are needed to help reduce the occurrence of fraud in Nigerian public sector. Consequently, the study suggests among others that the Federal Government of Nigeria should adopt the services of professional forensic auditors to help reduce the occurrence of fraud in Nigerian public sector. Ekwe, Michael. C. | Azubike J. U. B. | Odogu, Laime Isaac "Forensic Auditing and Public Sector Fraud Detection in Rivers State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd28122.pdf Paper URL: https://www.ijtsrd.com/management/public-sector-management/28122/forensic-auditing-and-public-sector-fraud-detection-in-rivers-state-nigeria/ekwe-michael-c
Keyword :
Public Sector Management, Forensic auditing, fraud reduction, assets misappropriation, automated audit support, financial statement fraud