International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2022 | Volume: 6 | Issue: 9 | Page No.: 51-61 Forensic Accounting and Auditing As a Tool to Control Financial Fraud in Nigeria Download PDF Iheme Bright Uche Abstract: The importance of forensic accounting and auditing in financial fraud detection, investigation and reporting cannot be overemphasised. Nigeria, a country global recognised as one of the most corrupt countries in a global rating cannot remain elusive over the importance of forensic accounting and auditing in the twenty-first century accounting system, and the fight against financial crime. The paper therefore discusses financial accounting and auditing as a tool to control financial fraud in Nigeria. The methodologically, the paper relies on secondary sources of data collection based on the content and documentary evidences in literature on the subject matter of the paper. The paper is purely non-statistical based rather data analysis makes use of historical and descriptive methods. Theoretically, the Agency Theory forms the basis of the theoretical framework. One of the findings of the paper is that forensic accounting and auditing has remained undisputable approach in the fight against financial fraud through holistic method of fraud detection, investigation and reporting. One of the recommendations of the paper is that non-forensic professional accountants should be required to have passed through forensic accounting training and qualification before they can be employed and/or practice of professional accounting. Conclusively, the problem of financial fraud in Nigeria is also a global phenomenon that has remained unabated. However, it can only be detected, investigated and reported but may not really be eliminated in its entirety.