EFFECT OF FORENSIC ANALYSIS ON TAX FRAUDS IN OIL AND GAS COMPANIES IN NIGERIA: AN EMPIRICAL APPROACH
Ezekiel Elton Mike Micah and Ismail Yahaya
Volume 13 Issue 2
Abstract
The primary objective of this study is: to evaluate the effect of forensic analysis on the level of tax fraud prevention of oil companies in Nigeria. In doing this, the study focused on oil and gas companies that are listed in the NSE as the year ended 2024. This study purposively selected ten (10) oil companies operational in Nigeria for a period of ten years, that is, 2015-2024. A multi-regression analysis of panel data was used as the analysis tool which reveals that forensic audit and litigation has no significant effect on tax frauds prevention in oil and gas companies in Nigeria. However, the study clearly concludes that forensic analysis can positively influence tax fraud prevention eventhough it is not significant at this point in time. Based on this therefore this study recommends that they should be a better regulatory oversight by the government relevant agencies in order to ensure continued safeguard of government’ interest. Keywords: Forensic Analysis, Forensic Audit, Forensic Litigation, Tax Fraud Prevention, Oil and Gas Companies
Download Paper