CAPITAL MARKET AND ECONOMIC GROWTH IN AN EMERGING ECONOMY: EVIDENCE FROM NIGERIA (ECONOMICS PROJECT TOPICS AND MATERIALS)
Abstract
This research work examines the role of the forensic accountant in fraud detection in Nigeria with comparative analysis of public and private sectors. Forensic accountant plays a significant role in the Nigeria organizations whereby he investigates with the use of technological equipment in its assignment. The researcher employs primary data (questionnaire and personal interview) to collect data. Hypotheses were tested with the use of z- test at 5% level of significance and the result reveal that a good forensic accountant will assist in the growth and development of any organization in which he/she carry out his/her assignment. This study recommends among others that a high degree of mutual trust, respect and understanding should exist among the forensic accountants, in the public and private sectors and management in order to achieve the organizational objectives should have a mutual relationship with the preparers of financial statements.
CHAPTER ONE
INTRODUCTION
1.1Background to the Study
The role of long-term capital in the economic development of a nation cannot be overemphasized. Most economic managers recognize that a well organized many developing countries; capital has been a major constraint to economic development.
The Nigerian economic has over the years been subject to series of social, political and economic policies and reforms. In the pre-1970 era, the economic was basically agrarian and food security was largely achieved with the various regional governments then. The need to encourage private capital in development was realized long enough, with the establishment of the Nigerian Stock Exchange (NSC), then called the Lagos Stock Exchange in 1961 to develop the capital market (Alile & Anao, 1986).
The capital market is a highly specialized and organized financial market and indeed essential agent of economic development because of its ability to facilitate and mobilize savings and investment. The capital market provides the much needed liquidity making documentary evidence of ownership of securities trade-able (Sule & Momoh, 2009, p. 67). To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996).
