Impact of Problem Representation on Knowledge Capability and Fraud Risk Assessment in Nigeria Deposit Money Banks | Chapter 9 | An Overview on Business, Management and Economics Research Vol. 5

 This unit investigates the mediating role of question representation on the connection between knowledge proficiency of fraud investigators and deception risk assessment within Nigeria deposit services banks. Extensive literature in analyzing, forensic accounting, investment and related fields was inspected for thorough understanding of past, present and future trends in the study field. Nigeria Deposit Insurance Corporation (NDIC) annual reports (2014–2017) suggest that the country’s deposit services banks (DMBs) have been exposed to increasing incidence of deception and forgeries. This has hampered their capacity, adeptness and contributions to communal economic growth and growth. This study examines the proficiency and competence of DMB regulators for fear that and detect trickery and, at the same time, develop an persuasive mechanism commotion so. The study employed quantitative methods. Data was collected utilizing questionnaires administered on 350 forensic accountants and bank examiners active with the Central Bank of Nigeria (CBN), NDIC and 15 carelessly selected DMBs in Lagos. Data collected were resolved using explanatory statistics and multivariate regression. Key results involve significant beneficial relationship between the study variables and decline in fraud occurrence in DMBs. This result has implications for existing bookkeeping literature on information capability and competence as tools for fraud stop and detection in DMBs in Nigeria. The study recommends an unifying approach to bank examination at which point both forensic accountants and bank examiners are complicated as permanent fittings in fraud prevention and discovery in DMBs. This will guarantee a fraud-free DMB subdivision.

Author(s) Details:

Olusoji Olumide Odukoya,
Department of Accounting, Finance and Taxation, College of Arts, Social and Management Sciences (CASMAS), Caleb University, Imota, Lagos, Nigeria.

Rose Shamsiah Samsudin,
School of Accountancy, Universiti Utara Malaysia, Malaysia.

Please see the link here: https://stm.bookpi.org/AOBMER-V5/article/view/12588