EFFECT OF FORENSIC ACCOUNTING PRACTICES ON FRAUD MANAGEMENT IN SELECTED GOVERNMENT AGENCIES IN OYO STATE

Abstract

The aim of this study is to examine the effect of forensic accounting practices on fraud management in selected government agencies in Oyo State. The sample for the study are five (5) selected government agencies in Oyo State which are Office of the Accountant General; Hospital Management Board; Ministry of Agriculture, Rural Development and Natural Resources; Local Government Staff Pensions Board; and Oyo State Universal Basic Education Board. The sampling technique used is the census sampling technique. Data were collected with the aid of structure questionnaire. The data was coded and analyzed using both descriptive and inferential statistics such as correlation and Analysis of Variance. Results reveal that forensic investigation and forensic dispute resolution has a positive and significant effect on fraud management. While forensic litigation was found to have negative and insignificant effect on fraud manageme The studyrecommends that an improvement in forensic practices will lead to better fraud management in most agencies and that the forensic investigator should be more pro-active in combating any form of fraudulent activities in the state.