FORENSIC ACCOUNTING TECHNIQUES AND FRAUD MANAGEMENT OF BREWERY FIRMS IN SOUTH EAST, NIGERIA
- Effective Internal Control,
- Data Mining,
- Computer Assisted Auditing Technique
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This study examined the nexus between forensic accounting techniques and fraud management of brewery firms in South East, Nigeria. This study adopted field survey research design. The population consist of seven hundred and ninety six (796) staff of the three (3) brewery companies in South East, Nigeria. Taro Yamane formula was employed to determine the sample size of 266. Of the 266 copies of administered questionnaire, 242 copies were collected. Validity and reliability of the instrument were tested and achieved. Descriptive statistics was employed, while inferential statistics using Cronbach Alpha, Spearman’s Correlation and Paired Sample T-Test were employed to test the hypotheses with the aid of SPSS version 23. The specific findings revealed that there is a significant relationship between data mining technique and enterprise resource planning (t-statistic = 6.046; p-value = 0.000); a significant relationship between ratio analysis technique and enterprise resource planning (t-statistic = 5.377; p-value = 0.000); a significant relationship between computer assisted auditing technique and enterprise resource planning (t-statistic = 5.377; p-value = 0.000) of brewery firms in South East, Nigeria at 5% level of significance respectively. In conclusion, forensic accounting techniques have a significant and positive relationship with fraud management of brewery firms in South East, Nigeria. This study recommended amongst others that companies should consolidate on forensic accounting techniques which will enable them to analyze their financial position, liquidity, profitability, risk, solvency, efficiency, operations effectiveness, and proper utilization of funds.