Forensic Accounting and Quality of Financial Reporting of Quoted Banks in Nigeria
The inspiration for this research which examined the effect of forensic accounting on quality of financial reporting of quoted banks in Nigeria was tensed by the high rate of low quality of audited financial reports by companies including quoted banks in Nigeria and its affirmation as unqualified reports by external auditors. The objective is to examine the effect of forensic accounting on quality of financial reporting of quoted banks in Nigeria. Cross sectional data were sourced from audited financial reports of quoted banks spanning from 2009-2018. Ordinary least square method were used to determine the extent to which forensic accounting affects quality of financial reporting of quoted banks in Nigeria. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. In both models, the independent variables explain 61.6 percent and 59.2 percent of variations on value relevance and audit time lag.
