Assessing the Relationship between Regulatory Framework and Forensic Accounting, the Nigerian Experience
Leyira Christian Micah *
Department of Accounting, Faculty of Management Sciences, University of port Harcourt, Nigeria
Tony- Obiosulesi Ruth
Department of Accounting, Faculty of Management Sciences, University of port Harcourt, Nigeria
*Author to whom correspondence should be addressed.
Abstract
The primary objective of this study is to investigate the relationship between regulatory framework and forensic accounting practice in Nigeria. The study adopted a survey research with questionnaire drawn to elicit responses. The results of this study show that Nigeria Evidence Act 2011 as amended and EFCC Act 2000 give much impetus and legal backing to the effective functioning of forensic accountants in Nigeria but Political will, enabling environment and modern infrastructures which are necessary in combating financial crime cannot be ignored.
Keywords: Regulatory framework, forensic accounting, corruption