Forensic Accounting and Audit as a Panacea for Preventing Corporate Fraud in Nigeria

FORENSIC ACCOUNTING AND AUDIT AS A PANACEA  FOR PREVENTING CORPORATE FRAUD IN NIGERIA  (A CASE STUDY OF DIAMOND BANK PLC, AWKA, ANAMBRA STATE).

According to Allberch (2003) defines fraud as a representation about a material fact which is false and intentionally or recklessly so, which is believed and acted upon by the victim to the victims damage.

Fraud according Adenyi (2004) and ICAN (2006) defines it as an intentional act by one or more individuals among management, employees or their parties which result in misrepresentation of financial statements; fraud can also be seen as illegal act or series of illegal act ICAN (20060 defines it as an intentional act be one or more individuals among managements, employees or third parties which result in misrepresentation of financial statements. [Read more…]

Accounting for Intangible Asset, the Way Out

ACCOUNTING FOR INTANGIBLE ASSET, THE WAY OUT (A CASE STUDY OF GUINNESS NIGERIA PLC SAPELE BRANCH DELTA STATE)

Some unclear, overlapping and unstructured definition occupy the set of intangible assets issues. In turn, some researchers have used in consistent definition of IA, reducing the transparency that accountants and financial experts have to discuss these issues. [Read more…]

The Implication of Common Currency for West African Countries

THE IMPLICATION OF COMMON CURRENCY FOR WEST AFRICAN COUNTRIES

In the words of Oyewumi (2001), confrontational posture of the relentless onslaughts of global capitalism, unfavourable term of trade and a heavy debt burden, the economic plight of poorest members of the international community has been more desperate despite the countries means of achieving economic growth. By pooling their resources, they hoped to benefit from economic of scale, speed up development, and reduce external dependence. Nowhere is the need for regional integration more urgent than in Africa, the continuant at the bottom of the international economic pecking order.       [Read more…]

The Role of Financial Accountability in a Public Limited Company

THE ROLE OF FINANCIAL ACCOUNTABILITY IN A PUBLIC LIMITED COMPANY

The website 3rd international dictionary defines financial as relating to finance and financers or in good standing as to payment of dues. This same dictionary defines accountability as the quality or state of being accountable, liable or responsible, when these two words are put together as financial accountability, its meaning can therefore easily discerned to, according to Rosenberg, (1988) as the process of making top corporate leaders responsible for their actions, goals and so on, utilizing available objective measures. [Read more…]

The Role of Central Bank of Nigeria PLC in Agricultural Finance Development

THE ROLE OF CENTRAL BANK OF NIGERIA PLC IN AGRICULTURAL FINANCE DEVELOPMENT – PROBLEMS AND PROSPECTS

This research work in particular is very crucial one in any economy as it deals with policies of the bank at the apex of the banking system (the central Bank) and one of the most priority sector of Nigeria economy – the Agriculture sector.  As a result much ought to have been written on it by eminent school and schools of thought in the field of banking, finance, monetary economies and Agriculture, but only very few have dealt with the two aspect (CBN and Agriculture). [Read more…]

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