Forensic accounting mechanisms and financial performance of deposit money banks in Nigeria

Abstract

False exercises in Deposit Money Banks negatively affect the feasibility, execution, supportability and notoriety of Deposit Money Banks. Forensic accounting is regarded as embodying every other examination connected territories in unfolding financial misrepresentation. The investigation analyzed the influence of forensic accounting on the financial performance of Deposit Money Banks in Nigeria. The study explicitly inspected the influence of fraud investigation, litigation support, internal control and computerforensic on the return on capital employed of Nigeria DepositMoney Banks. The investigation population incorporate all Deposit Money Banks listed on the Nigeria Stock Exchange, the study was brought out using questionnaire to request for the required data from the respondents, while secondarydata was acquired from the financial reports of nine (9) Deposit Money Banks. The variables utilized in this study incorporate investigation, litigation support, computerforensic, internal control and Return on Capital Employed (ROCE). The information gathered was analyzed by the utilization of descriptive statistics, trendanalysis, and ordinary least square regressiontechnique. Discoveries of this study uncovered that fraudinvestigation, litigation support and internal control have a positive significant relationship on the financial performance of Nigeria DepositMoney Banks with p-estimations of 0.007, 0.000, and 0.004 individually and coefficients of 0.293, 0.222 and 0.487 in a specific order while computerforensic has a positive insignificantimpact on financialperformance of Nigeria Deposit Money Banks with a p-estimation of 0.137 and coefficient of 0.138. The studyconcluded from its discoveries that the correct and thorough utilizations of forensic accounting can improve the financialperformance of Deposit Money Banks in Nigeria and of such that fraud investigation, litigation support and internal control significantlyimpactfinancialperformance of Nigeria Deposit Money Banks.