INFORMATION AND COMMUNICATION TECHNOLOGY(ICT) AND ACCOUNTING FRAUD

The study examines the impact of Information and Communication Technology (ICT) on accounting fraud prevention in private firms. The research investigates the use of various ICT tools, including accounting software, cybersecurity measures, automated internal controls, and employee ICT training, and their roles in detecting and preventing fraudulent activities. The research instrument used in this study includes surveys and questionnaires administered to accounting professionals across selected private firms in Benin City, Edo State, Nigeria. The findings indicate that accounting software, when effectively implemented, enhances data accuracy and reduces fraud. Cybersecurity measures, such as encryption and multi-factor authentication, also play a critical role in protecting financial data. Additionally, automated internal controls significantly limit opportunities for fraud, while employee ICT training helps in recognizing fraud risks and adhering to ethical standards. Based on these findings, the study recommends that private firms invest in comprehensive ICT systems, continuous employee training, and strong cybersecurity
measures to strengthen their fraud prevention frameworks and enhance organizational integrity.