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Assessing The Nexus Between Forensic Accounting, The Finance Act, 2019 And Tax Revenue In Nigeria

Author

Listed:
  • Jeroh, Edirin,

    (Department of Accounting and Finance)

Abstract

This paper examines the nexus between forensic accounting, the Finance Act 2019 and tax revenue in Nigeria. Specifically, we assessed stakeholders' perception on the perceived mediating role of forensic accounting on the link between the Finance Act of 2019 and revenue generation in Nigeria through taxation. The survey design was adopted and primary data were gathered through the FAFTR questionnaire that was specifically designed for this study to elicit responses from a sample of 225 respondents randomly selected. The questionnaire items were validated and pre-tested. Hypotheses were designed and tested at 0.95 confidence level based on the regression model specified in this study. The results revealed that whereas, the Finance Act, 2019 has a direct and indirect relationship with revenue generation in Nigeria through possible increase in tax revenue; the fact that forensic accounting can possibly play a mediating role as a vehicle that will guarantee the achievement of the objectives of the new Act in increasing Nigeria's tax revenue cannot be ruled out. We therefore recommend that the Federal Inland Revenue Services (FIRS) and relevant bodies should engage the services of forensic accountants in a bid to mitigate fraudulent acts that may be associated with the diversion of government revenue that would be generated from taxation in the coming years.

Suggested Citation

  • Jeroh, Edirin,, 2019. "Assessing The Nexus Between Forensic Accounting, The Finance Act, 2019 And Tax Revenue In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 4(2), pages 212-236, July - De.
    • Handle: RePEc:ris:jfaafi:0013
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    File URL: https://www.afarng.org/wp-content/uploads/2022/03/Jornal-of-Forensic-Vol-4-Issue-2.pdf
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    Cited by:

    1. Peter-Mario Efesiri EFENYUMI & Emmanuel Ikechukwu OKOYE, 2023. "Do Financial Expertise, Nationality and Independence of Women on Corporate Board Mitigate Earnings Management of Listed Firms on NXG," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(4), pages 1615-1626, April.

    More about this item

    JEL classification:

    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • K34 - Law and Economics - - Other Substantive Areas of Law - - - Tax Law

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