MANAGEMENT INVOLVEMENT AND THE RELEVANCE OF FORENSIC INVESTIGATIONS OF SELECTED FINANCIAL INSTITUTIONS IN CROSS RIVER STATE

Fraud and corruption are issues of great concern to management of any organization due to their devastating effects on the system. This study examines management involvement and the limit of forensic accounting as means of preventing the issues. To conduct the study, some relevant literatures were reviewed and a well validated questionnaire was developed and administered to the study population through sampling. Data obtained were analysed using frequency distribution, and Pearson Product Moment Correlation. The result from the test of the study hypothesis revealed that organization profitability does not depend on management involvement in forensic investigation and that forensic accounting gives credibility to the financial report of a firm. Based on these results, recommendations were made that senior management board and audit committee for the internal audit’s function be thoroughly equipped to identify fraudulent records and the services of forensic accountants should be engaged so as to maintain the credibility of a firm’s financial report.