Vol: 7, Issue: 4 2017

Page: 059-082

A Qualitative Review of Forensic Accounting and Effective Judicial System in Nigeria

Enofe A. O, Dominic E. S., Dr. Kifordu A.A., Dr. Ben Etim Udoh

This study is to examine whether forensic accountants make the judiciary more effective by providing credible testimonies in litigation processes. It adopted a library research base approach in gathering and analysing relevant data to the objective of this study. Extant literature studied relevant theories; court decided cases, empirical studies, promulgated Rules, publication and Act enacted in Nigeria, United Kingdom and the United States. This study revealed to a large extent that there are basic acceptable standards established for admissibility of forensic accountants' testimony. It was also revealed that forensic accountants play positively significant roles in assisting judges and the court in reaching quality verdicts. It was found that there are two fundamentals that affect expert witness report-Human side and material side. Having x-rayed relevant literature, it concluded that forensic accountants have the ability to make the judiciary more effective. Lastly, it was seen that bad judges impoverish expert witness’ credible report. This study solemnly and passionately recommended that criminal and fraud prone countries particularly Nigeria should enact laws that recognize the services of forensic accountants and forensic accountants should strive to produce credible report that can stand the test of the judiciary to have a sustained reputation and a successful career. It also added that the judiciary improves on control measures.