Forensic Audit Practice and Performance of Corporate Organizations in Nigeria: Evidence from Enugu Electricity Distribution Company

Abstract

The current study was on the effects of forensic audit practice on the performance of corporate organizations in Nigeria: evidence from Enugu electricity Distribution Company. Fraudulent activities in corporate organizational setting may have a negative effect on the viability, performance, sustainability and reputation of the organization. This study was conducted through explanatory research design which required the analysis of how a set of independent variables affect the dependent variable. The findings indicated that forensic audit practice has a significant effect on financial performance of Enugu Electricity Distribution Company. The findings of this study were crucial in the formulating study conclusions. However, the study also took into account the expectations of the study. It was possible to conclude from the study findings that forensic investigation and forensic audit practice were statistically significant in explaining changes in financial performance of EEDC. The unique contribution of this paper is that it clearly addresses the effects of forensic audit practice on performance of corporate organizations in Nigeria, evidence from Enugu Electricity Distribution Company upon which majority of organizations in a developing economy ought to adapt to mitigate financial irregularities.