Citation :

BALOGUN John Eshemokhai, ABDULKADIR Ishola Kayode, FALADE Olufemi Abidemi, OJELOLA Emmanuel Tolu, 2023. "Adoption of Forensic Accounting Investigation in the Detection and Prevention of Tax Frauds in Kaduna State Internal Revenue Service, Nigeria" ESP International Journal of Science, Humanities & Management Studies(ESP-IJSHMS)  Volume 1, Issue 3: 22-31.

Abstract :

The high rate of tax fraud in Nigeria has worsened national economic development, with Kaduna State inclusive. Therefore, the study appraised the statistical significant difference between forensic accounting investigation adoption and tax fraud detection and prevention in the Kaduna State Internal Revenue Service (KADIRS). The study adopted Chi-Square approach and descriptive statistics. It was discovered that 74.3% of the sampled respondents were adequately knowledgeable on issue related to forensic accounting, because most of the respondents have had more than five years and above years of service; the gender category was adequately represented in the study with male having 54.3%; while, 45.7% were female; also, 91.4% of the sampled respondents were certified professional accountants who are capable to work in Kaduna State Internal Revenue Service (KADIRS), Nigeria. Furthermore, the results of the Chi-Square estimates showed that the X2 calculated (45.14 & 32.14) for the two tested objectives were much higher than the critical value of 9.49 respectively. Implying a direct relationship between forensic accounting investigation adoption and tax fraud detection and prevention in KADIRS. The study concluded that accounting professional practitioners whom are well-trained in forensic accounting investigation agreed that forensic accounting will assist in the detection of tax fraud, as well as, preventing its occurrence in the filing of tax returns and also play the role of expert witness in any tax litigation confronting the Kaduna State Internal Revenue Service (KADIRS) and any other tax collection agency in Nigeria. Therefore, the study recommends that the state government should ensure that forensic accounting investigations is fully implemented, as well as, sustain its adoption through the appraisal of tax returns filed by taxpayers annually and other required documents submitted by taxpayers.

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Keywords :

Forensic Accounting, Tax Evasion, Tax Frauds, Kaduna State Internal Revenue Service (KADIRS).