THE EFFECT OF DIGITAL ACCOUNTING TECHNIQUES TRAINING ON DETECTION OF FINANCIAL IRREGULARITY IN DEPOSIT MONEY BANKS IN NIGERIA.

Abstract

Adequate training equips bank employees with the necessary skills to detect and prevent fraud. This study investigates the effect of compliance training on digital forensic accounting techniques and detecting financial irregularities in deposit money banks in Nigeria. The study employed a survey research design and data was collected from primary sources with a particular emphasis on questionnaire administration to staff in selected banks. The study involved the analysis of 98 copies of the filled questionnaire using frequency analysis and regression analysis, while descriptive statistic was used with the aid of SPSS 23 Version Software. The study reveals that training in digital evidence collection (TDEC), chain of custody documentation (TCCD), data mining (TDM), and digital invoicing and payments (TDIP) each has a significant positive effect on reducing Financial Statement Fraud (FSF) in quoted deposit money banks in Nigeria. The following recommendations were arrived at based on the findings among others that Management should Enhance Training Programs and continuously update training programs to reflect the latest technological advancements and industry best practices in digital evidence collection, chain of custody documentation, data mining, and digital invoicing and payments and Management should invest in Advanced Tools and Resources by Providing access to the latest digital forensic tools and technologies to support the training and improve overall effectiveness in detecting and preventing financial statement fraud.