EFFECTIVENESS OF FORENSIC ACCOUNTING IN DETECTING FINANCIAL FRAUD IN PUBLIC SECTOR

This study evaluates the effectiveness of forensic accounting practices in detecting financial fraud within the public sector, focusing on the Edo State Government in Nigeria. A survey design was employed, with a stratified random sample of 200 respondents selected from a population of 400 government officials, auditors, and forensic practitioners. Data were collected via structured questionnaires and analyzed using linear regression with SPSS 23.0. The results indicate that stringent government regulations, higher incidences of embezzlement, and the integration of digital forensics tools significantly enhance the effectiveness of forensic accounting in detecting fraud. Additionally, robust internal controls are essential for successful fraud detection. The study recommends strengthening regulatory oversight, investing in digital forensic tools, improving internal control systems, and fostering collaboration between regulatory bodies, law enforcement, and academia. Future research should explore the role of emerging technologies, such as blockchain, AI, and machine learning, in enhancing forensic accounting practices and examine the long-term impact of regulatory reforms on fraud reduction and governance transparency.