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Abstract:
This research set out to find out the effect of forensic accounting application on the detection of financial crime in deposit money deposit banks in Anambra State. The survey approach was adopted for this study. Out of a population of 5 key officials in 11 commercial banks, which gives a total of 55 key officials, a sample size of 35 was selected using Taro Yamane formula. Three hypotheses were formulated and tested in the course of the research. The three hypotheses were tested using the t-test statistics. The study revealed that forensic accounting is effective in reducing financial crimes. Upon the findings, the study recommended among others that auditors should be required to introduce some elements of forensic accounting techniques into the average financial statement audit to increase the effectiveness of the audit, there be certain standard methodology and procedures to guide forensic accounting assignments and to act as a reference for practice reviews especially in cases of dispute with client.
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