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EFFECT OF FORENSIC AUDITING ON THE FINANCIAL PERFORMANCE OF QUOTED FOOD AND BEVERAGE FIRMS

  • Department: ACCOUNTING
  • Chapters: 1-5
  • Pages: 67
  • Attributes: Questionnaire, Data Analysis, Abstract
  • Views: 159
  •  :: Methodology: PRIMARY
  • PRICE: ₦ 5,000
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ABSTRACT

This study aims to assess the impact of forensic auditing on the financial performance of publicly listed food and beverage companies in Nigeria over a six-year period from 2010 to 2016. The research design utilized is an Ex-post facto approach, which explores cause-and-effect relationships among variables. The study relies solely on secondary data. To test the hypothesis, the statistical tool employed was STATA 13 software, using the coefficient of correlation to measure the relationship between variables. The findings indicate that forensic auditing has a positive and statistically significant effect on Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS) of food and beverage firms listed on the Nigerian stock exchange at a 5% significance level. The study recommends that the management of these firms should prioritize and enhance the utilization of forensic audit information to boost profitability. Additionally, appropriate sanctions should be enforced when fraud is detected, including prosecution when necessary. Proper forensic audit procedures should be followed during investigations, conducted by trained experts. When evidence of fraud is found, suitable disciplinary actions in line with public service rules should be implemented.

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