Apperceive Effectiveness of Forensic Accounting Education as A Panacea for Fraud Detection in Nigerian Educational Institutions

Abstract

This study delves into the effectiveness of forensic accounting education as a solution for detecting and preventing fraud in Nigerian educational institutions, with a particular focus on the banking sector. Utilizing a mixed-methods approach, the research examines the impact of ethical considerations, technology integration, and mock investigations on fraud detection rates. Data was collected from 180 respondents representing accounting firms and educational institutions across Nigeria, and analyzed using ANOVA, correlation analysis, multicollinearity tests, and skewness and kurtosis tests. The findings reveal significant correlations between ethical considerations, technology integration, mock investigations, and fraud detection rates. Moreover, the study confirms that all three factors play pivotal roles in enhancing the effectiveness of fraud detection measures. These insights underscore the importance of incorporating modern forensic auditing techniques into accounting education in Nigeria to combat the escalating challenges posed by financial crime