Open Access Peer Reviewed Quarterly Est. 2016

Contemporary Journal of Banking and Finance

(CJBF)
ISSN (Print): 4142-405X | ISSN (Online): 3460-7037
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HomeCJBF Vol. 25, No. 35 FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERF…
📄 Research Article CJBF Vol. 25, No. 35 (2026)

FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA

Ngozi Eleba Amadi 1 & Ngbomowa Moses Jonah 1 & Chibuike Stephen Okwo 2
1 Department of Accounting, Faculty of Administration and Management, Rivers State University, Nkpolu Port Harcourt Rivers State, Nigeria
2 Director of Procurement, Bonny LGA, Rivers State Nigeria
Contemporary Journal of Banking and Finance, Vol. 25, No. 35 (2026), pp. 25-66 | DOI:
Open Access Peer Reviewed Research Article

Abstract

This study investigates the effect of forensic accounting techniques on the financial performance of selected consumer goods companies in Rivers State, Nigeria. Specifically, it examines how fraud detection techniques and forensic audit procedures influence profitability and revenue efficiency and cost management. The study adopts a descriptive survey research design, targeting accounting and finance personnel, internal auditors, and management staff of selected companies. A structured questionnaire was used to collect primary data from 125 respondents, and data were analyzed using descriptive statistics (mean, standard deviation) and inferential statistics (multiple regression analysis). The findings reveal that both fraud detection techniques (β = 0.42, p = 0.001) and forensic audit procedures (β = 0.38, p = 0.002) have a positive and significant effect on financial performance. The regression model indicates that 63% of the variance in financial performance is explained by the adoption of forensic accounting techniques. The study concludes that effective implementation of forensic accounting practices significantly enhances profitability and revenue efficiency in consumer goods companies. Based on these findings, the study recommends that companies institutionalize fraud detection mechanisms, conduct regular forensic audits, provide staff training, adopt digital tools for monitoring financial transactions, and integrate forensic accounting into corporate governance frameworks.
Keywords: ["Forensic Accounting","Fraud Detection Techniques","Forensic Audit Procedures","Financial Performance","Consumer Goods Companies","Rivers State","Nigeria"]
📑 How to Cite This Article
APA 7th Edition:
Ngozi Eleba Amadi, Ngbomowa Moses Jonah, Chibuike Stephen Okwo (2026). FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. Contemporary Journal of Banking and Finance, 25(35), 25-66. https://doi.org/
Vancouver Style:
Ngozi Eleba Amadi, Ngbomowa Moses Jonah, Chibuike Stephen Okwo. FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. Contemp. J. Bank. Finance. 2026;25(35):25-66. DOI:
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