Effect of Forensic Accounting Practice on Fraud Prevention in Ministry of Finance Borno State of Nigeria

‎Abstract
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‎This research investigates the effect of forensic accounting practices on fraud prevention
‎within the Ministry of Finance in Borno State, Nigeria, during the year 2024. The study
‎identifies three independent factors influencing fraud prevention: forensic accounting
‎techniques, the training and expertise of forensic accountants, and the adequacy of
‎resources allocated to forensic accounting practices. A sample of 20 respondents was
‎drawn from a population of 236 employees at the Ministry of Finance, utilizinga stratified
‎sampling method to ensure representation across various departments. Data were
‎collected through structured questionnaires and analyzed using Analysis of Variance
‎(ANOVA) to determine the significance of the independent factors on fraud prevention
‎outcomes.
‎The findings indicate that effective forensic accounting techniques and the professional
‎training of forensic accountants significantly contribute to reducing instances of fraud.
‎Additionally, the study highlights that the allocation of adequate resources is crucial for implementing robust forensic accounting practices. The results suggest that enhancing these factors can lead to improved fraud prevention measures within the Ministry of Finance. This research underscores the importance of integrating forensic accounting into
‎financial oversight mechanisms to foster transparency and accountability in public
‎financial management.
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‎ The study concludes with recommendations for policy
‎enhancements and further research to explore the long-term impacts of forensic
‎accounting on fraud mitigation in governmental institutions.
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