GASPRO International Journal of Eminent Scholars

The study examined the utilisation of forensic auditing techniques for fraud detection in medium-scale businesses in Uyo, Akwa Ibom State. Two research questions were raised to guide the study. Two hypotheses were formulated and tested at the .05 level of significance. Related literatures were reviewed and referenced accordingly. Descriptive survey research design was used for the study. The population of the study was 76 accounting staff from 26 registered medium-scale businesses in Uyo. A census sampling technique was adopted to select 76 accounting staff of the 26 registered medium-scale businesses in Uyo. A 10-item structured questionnaire titled ‘Utilisation of Forensic Auditing Techniques for Fraud Detection in Medium Scale Business in Uyo, Akwa Ibom State’ was used for data collection. The instrument was validated by a lecturer in the Department of Business Education, University of Uyo. Cronbach's alpha reliability coefficient of .91 was obtained. Seventy-six copies of the instrument were administered to the respondents by the researchers and were retrieved on the spot. Data collected were analysed using the mean statistic while a t-test was used to test the two null hypotheses. A mean score of 2.50 and above was recommended as highly utilised. Based on the findings, it was recommended that medium-scale owners and managers should adopt a strategic approach unknown to employees to enhance proper background checks, which will monitor all employees' activities for prompt action by the management. This will put every worker on check and task accomplishment.

Key words: Utilisation, Forensic Auditing, Fraud Detection and Medium Scale Business