DOI: 10.36347/sjebm.2022.v09i10.002

Pages: 215-226

This study examined the effect of forensic accounting techniques on fraud prevention in Nigeria. The study adopted the ordinary least square technique to assess specifically, the effect of computer assisted audit techniques, Ratio Analysis techniques and Trend Analysis technique on fraud detection/prevention in Nigerian banks. The outcome of the study revealed that there is a causal linkage between application of forensic accounting techniques and fraud detection and prevention in banks operating in Nigeria except trend analysis technique which showed no causal linkage with fraud detection/prevention. We therefore, recommend that frequent utilization of forensic audit services will significantly help in the detection, prevention as well as reduction of incidences of fraud in businesses. Furthermore, Nigeria deposit money banks should encourage the use of forensic accounting techniques to curtail fraudulent malpractices in its operations. Other robust techniques for fraud detection/prevention not considered in this study should be examined and given a chance as the three techniques considered in this study explained less than twenty percent (19.94%) of variation in fraud prevention in Nigerian banks, leaving over eighty percent to other techniques not captured in this study.