ICAS Proceedings

ICAS Online Open-Access Proceedings Library

Abstract

In the era of globalisation, the incidence of banking fraud is a persisting fundamental problem with adverse consequences for financial intermediation, economic development, and growth. The Nigerian banking sector is not an exemption. The introduction of electronic banking services and advancements in technology have further created new challenges for prevention and detection of fraud in the sector. This paper develops a conceptual framework on the mediating influence of fraud related problem representation on skills requirement and task performance fraud risk assessment which can be deployed by forensic accountants and banking examiners working as regulators of banks to prevent and detect fraud. The paper expects to reveal an essential relationship between these variables. The paper contributes to the literature on forensic accounting, enhanced capability (skills requirement, fraud related problem representation) and competence (fraud risk assessment) by forensic accountants and banking examiners for fraud prevention and detection in the Nigerian banking sector.

Keywords: forensic accounting, banking sector, skills, fraud related problem representation, fraud risk assessment

ICAS Online Proceedings Library