EFFECTIVENESS OF FORENSIC ACCOUNTING IN CURBING FINANCIAL CRIMES IN THE NIGERIAN PUBLIC SECTOR

Abstract

The effectiveness of forensic accounting in curbing financial crimes in the Nigerian public sector is in this research undertaking examined. The study made use of the fully modified ordinary least squares method (FMOLS) approach for data analyses of the EViews 13 statistical software. The FMOLS method produces reliable estimates for small sample size and provides a check for robustness of the results The data used for this study were sourced from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Service and National Bureau of Statistic for various years; the method adopted for collecting data is secondary source of data collection. It is concluded that there is a significant role of forensic accounting in tax revenue to ensure fraud is curbed and subsequently eliminated to affect the performance of our public sector as reflected in the economic development of the Nigerian nation. This study proposes recommendation for internal control system which public sector organization can implement in order to reduce likelihood of fraudulent activities and strengthen the more efficacies of these services for the survival of public sector organizations in Nigeria.
 Keywords: Forensic Accounting, Tax Revenue, Economic Growth, Financial Crimes, Nigerian Public Sector.