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Digital Forensic Tools and Techniques: The Impact on Fraud Detection and Prevention Among Deposit Money Banks (DMBS) in Nigeria

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  • Pages:106
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

ABSTRACT


Fraudulent practices in Nigerian Deposit Money Banks (DMBS)  have led to increased losses and collapse of deposit banks, hence the need to use digital forensics services to detect and prevent such fraudulent activities. The banking industry is a very important institution with many internal controls in order to overcome the fraudulent practices. The objective of this study was to examine the impact of digital forensics services on fraud detection and prevention among deposit money banks in Nigeria, the most prevalent type of fraud and to establish the major areas of application of  digital forensics services. The data collection instrument preferred for the study was a questionnaire. Findings from the study saw that fraud detection and prevention increased when digital forensics services was employed. The study used descriptive research survey design and uses a sample of 47 respondents in United Bank for Africa (UBA), Ilaro branch. The data was analyzed using Statistical package for social sciences (SPSS). The study findings indicated that the application of  digital forensics services by banks led to increased fraud prevention in the commercial banks and the highest application was on enhancing quality of financial reporting. The  study concluded that the there is significant relationship between Digital Forensic tools and techniques and its significant impact on fraud detection and prevention among deposit money Banks in Nigeria.



Keywords: Digital Forensics, Fraud detection and prevention, Nigerian DMBS








TABLE OF CONTENT


Title Page………………………………………………………………………………………i

Certification................................................................................................................................ii

Dedication..................................................................................................................................iii

Acknowledgement.....................................................................................................................iv

Abstract.......................................................................................................................................v

Table of Content........................................................................................................................vi


CHAPTER ONE

1.0 INTRODUCTION                                                                                                          1

1.1 Background Information to the Study                                                                              1

1.2 Statement of the Problem                                                                                                 5

1.3 Significance/Justification of the Study                                                                             6

1.4 Objective of the Study                                                                                                     8

1.5 Scope of the Study                                                                                                           8

1.6 Research Question                                                                                                           9

1.7 Research Hypothes                                                                                                          9

1.8 Limitation to the Study                                                                                                  10

1.9 Operational Definition of Terms                                                                                   11

1.10 Case StudyHistorical Background                                                                                11

CHAPTER TWO

2.0 LITERATURE REVIEW                                                                                          14

2.1 Conceptual Framework                                                                                                14

2.1.1 Digital Forensics                                                                                                          14

2.1.2 Phases of Digital Forensics                                                                                          16

2.1.3 Digital Forensic Tools                                                                                                  17

2.1.4 Digital Forensic Techniques                                                                                         19

2.1.5 Concept of Forensic Accounting                                                                                  22

2.1.6 Fraud                                                                                                                            24

2.1.7 Types of Bank Fraud                                                                                                    26

2.1.8 Method by Which Fraud can be Perpetrated                                                                27

2.1.9 Fraud Detection                                                                                                            30

2.1.10 Fraud Prevention                                                                                                          31

2.1.11 Data Mining for Fraud                                                                                                 33

2.1.12 Financial Statement Fraud                                                                                           34

2.1.13 External Information Sources                                                                                      34

2.1.14 Fraud Management                                                                                                      35

2.2 Theoretical Framework                                                                                                37

2.2.1 Fraud Management Lifecycle                                                                                      38

2.2.2 Agency Theory                                                                                                            38

2.2.3 Fraud Preventative Theory                                                                                          39

2.2.4 White Collar Crime Theory of Fraud                                                                          42

2.2.5 Theory of the Fraud Diamond                                                                                     43

2.2.6 Punishment-Deterrence Theory of Punitive Damage                                                  45

2.2.7 Labeling Theory of Crime                                                                                           46

2.2.8 Theory of Mind-set and Problem Representation                                                        47

2.2.9 Fraud Triangle Theory                                                                                                 48

2.2.10 Fraud Scale Theory                                                                                                      49

2.3 Empirical Studies                                                                                                         49

2.4 Conceptual Model                                                                                                        64

CHAPTER THREE

3.0 METHODOLOGY                                                                                                    65

3.1 Research Design                                                                                                          65

3.2 Population                                                                                                                    65

3.3 Sample and Sampling Techniques                                                                               65

3.4 Method of Data Collection                                                                                          66

3.5 Questionnaire Design                                                                                                  66

3.6 Reliability and Validity Test                                                                                       67

3.7 Method of Data Analysis                                                                                            68

3.8 Model Specification    69

CHAPTER FOUR

4.0 RESULTS AND DISCUSSION                                                                               70

4.1 Presentation of Results                                                                                               70

4.2 Discussion of Result                                                                                                   72

4.3 Interpretation of Result                                                                                               75

CHAPTER FIVE

5.0 CONCLUSION AND RECOMMENDATIONS                                                  77

5.1 Conclusion                                                                                                                 78

5.2 Recommendations                                                                                                     78

Reference                                                                                                                              80

Appendices






Digital Forensic Tools and Techniques: The Impact on Fraud Detection and Prevention Among Deposit Money Banks (DMBS) in Nigeria

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Details

Type Project
Department Accounting
Project ID ACC2062
Price ₦3,000 ($9)
No of Pages 106 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Accounting
    Project ID ACC2062
    Price ₦3,000 ($9)
    No of Pages 106 Pages
    Format Microsoft Word

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