Thesis Abstract

Abstract
This research project focuses on investigating the effectiveness of automated forensic auditing in controlling fraud in Nigeria, with a specific case study of the Economic and Financial Crimes Commission (EFCC) in Port Harcourt. The study aims to explore how automated forensic auditing tools can enhance fraud detection and prevention efforts in a Nigerian context, particularly within the EFCC's operations. The research methodology involves a combination of quantitative and qualitative approaches. Data will be collected through structured surveys, interviews, and analysis of relevant documents and reports. The study will involve both primary and secondary data sources to provide a comprehensive understanding of the subject matter. The findings of this research are expected to contribute to the existing body of knowledge on forensic auditing and fraud control in Nigeria. By assessing the impact of automated forensic auditing tools within the EFCC in Port Harcourt, this study seeks to provide insights into the potential benefits and challenges associated with implementing such technology in a Nigerian anti-fraud agency. The research is significant as it addresses a critical issue in the Nigerian financial and law enforcement sector. Fraud remains a pervasive challenge in the country, leading to significant economic losses and undermining public trust in institutions. By evaluating the effectiveness of automated forensic auditing, this study aims to provide practical recommendations for improving fraud control measures within the EFCC and other relevant agencies. Overall, this research project seeks to contribute to the advancement of forensic auditing practices in Nigeria and enhance the capacity of law enforcement agencies to combat financial crimes effectively. The findings are expected to be valuable for policymakers, practitioners, and researchers interested in the intersection of technology, auditing, and fraud control in the Nigerian context. In conclusion, the study on the effectiveness of automated forensic auditing on fraud control in Nigeria, with a focus on the EFCC in Port Harcourt, holds the potential to generate valuable insights that can inform strategies for combating fraud and enhancing financial transparency in the country.

Thesis Overview

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS.

SUMMARY OF FINDINGS

From the analysis in chapter four, the following findings were derived, and

these include;

Automated forensic auditing has significance relationship with fraud control as it helps in the detection and prevention of fraud.

There are methods adopted to adequately train forensic auditors which can be useful in investigating fraud.

There are measures employed to solve the problems of insufficient documented materials necessary for investigating suspects, as it helps to foster the investigation process.

There are standard set for improving on techniques use for obtaining evidence.

CONCLUSION

Nigeria seems to have acquired a name that is synonymous with corruption. As a nation, it has carved out for itself the reputation of the most corrupt in the world. Our treatment in international politics as a parish state can either be reversed nor

(and our call for foreign investors) be meaningful if corruption is left un-embattled in Nigeria Chukwumaeze (2000).

However the quest to combat this economic monster called fraud brought about the concept of forensic auditing as well as Economic and Financial Crime Commission (EFCC) that are out to reduce the incessant occurance of fraud in our

financial system which has hampered th loss of confidence by investors who prefer to invest abroad rather than risk their

resources in a country like Nigeria where fraud is perpetrated by many. Owing to this, Gbadamosi (2008) is of the opinion that fraud has become a pandemic disease, surpassing geopolitical boundaries, race, ideology or the level of economic development. Although, with determination and little effort, fraud can be managed to limit financial losses as well as fraustrate and expose the criminals that victimize us all. Ezeilo (2010).

However, the automated forensic tools which was discussed earlier in this research work has being a helpful tool for identifying root cause of fraudulent practices and facilitation of security measures in organizations. It also ensures the validity and reliability of information used in curbing fraudulent acts.

RECOMMENDATION

The internal control system of every organization should be strengthened through regular audit exercise, so as to reduce the occurrence of fraudulent practices.

Training of forensic auditor should be done regularly so as to enable them carry out investigations successfully.

Seminars should be organized to encourage the use of automated tools by organizations, so as to make them aware of the fact that they can save more in preventing frauds unlike when the fraud has already occur.