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…]

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