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IMPACT OF FORENSIC ACCOUNTING ON THE PROFITABILITY OF QUOTED BANK IN NIGERIA

  • Department: ACCOUNTING
  • Chapters: 1-5
  • Pages: 67
  • Attributes: Questionnaire, Data Analysis, Abstract
  • Views: 77
  •  :: Methodology: PRIMARY
  • PRICE: ₦ 5,000
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ABSTRACT

This study explored the effect of forensic accounting on the profitability of publicly listed banks in Nigeria. Data were collected from the annual reports of Guaranty Trust Bank and Access Bank Plc over a twelve-year period (2006-2017). A multiple regression method was utilized for the analysis. Forensic audit (FAUD) was employed as a proxy for forensic accounting, while net profit margin (NPM), profit after tax (PAT), and dividend per share (DPS) were the independent variables. The analysis was conducted using the E-View 9.0 software package. The results indicate that forensic audits significantly impact the net profit margin of the selected Nigerian banks. Additionally, it was found that forensic audits influence the profit after tax and have a significant effect on retained earnings and dividend per share of these banks. Based on these findings, it is recommended that the management of commercial banks should prioritize and enhance the use of forensic financial information to help increase profitability.

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