📄 Research Article
EJAFI Vol. 12, No. 2 (2026)
FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA
AMADI Ngozi Eleba PhD 1 & JONAH Ngbomowa Moses PhD 1 & OKWO Chibuike StephenPhD 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
2 Director of Procurement, Bonny LGA, Rivers State Nigeria
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:
AMADI Ngozi Eleba PhD, JONAH Ngbomowa Moses PhD, OKWO Chibuike StephenPhD (2026). FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. European Journal of Accounting, Finance and Investment, 12(2), 33-43. https://doi.org/
AMADI Ngozi Eleba PhD, JONAH Ngbomowa Moses PhD, OKWO Chibuike StephenPhD (2026). FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. European Journal of Accounting, Finance and Investment, 12(2), 33-43. https://doi.org/
Vancouver Style:
AMADI Ngozi Eleba PhD, JONAH Ngbomowa Moses PhD, OKWO Chibuike StephenPhD. FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. Eur. J. Account. Finance Invest.. 2026;12(2):33-43. DOI:
AMADI Ngozi Eleba PhD, JONAH Ngbomowa Moses PhD, OKWO Chibuike StephenPhD. FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL PERFORMANCE OF SELECTED CONSUMER GOODS COMPANIES IN RIVERS STATE, NIGERIA. Eur. J. Account. Finance Invest.. 2026;12(2):33-43. DOI:
🔗 Other Articles in This Issue