Forensic Accounting is crucial to Financial Processes and Standards… NIEPA Bursar

Forensic accountants play a crucial role in examining and investigating current financial processes and standards, which can help identify more effective and efficient solutions. The whole process is one of detecting problems and areas of improvement for the benefit of the business.

These were the views echoed by the Institute Bursar Mr Kayode Osinuga during an interview session with press men on Tuesday 16th November 2021 at the corporate headquarters of NIEPA NIGERIA domiciled in Ondo. Osinuga maintained that it is very important that school managers understand what the forensic investigation process entails and how they can prepare themselves for any possible forensic investigation that may arise in the course of carrying out their primary assignments. He added that organizations in recent times need to be forensically conscious and ready because of the increased demand for forensic accounting while charging Heads of departments and Units to be forensically watchful of their jobs and those working under them.

Declaring the 3-day workshop open, Professor Olivet Jagusah mni informed the gathering that the workshop was organized for senior accounts and finance officers of Research Institutes, Federal Unity Colleges, Universities of Education, and Association of National Accountants of Nigeria basically on the acquisition of skills in forensic accounting. Speaking through the Institute Registrar and Secretary to Council Mrs Abimbola Fayanju, Jagusah challenged the participants to seize the opportunity of the training workshop to develop their professional capacities in Educational Planning Process, Operational Planning and Supporting Education Planning and Implementation. She commended the Office of the Senior Special Assistant to the President on Sustainable Development Goals (SDGs) and the Federal Ministry of Education for the timely training workshop and new impactful skills acquired.

Also speaking to press men after the opening ceremony, the Ag. Head of Training and Research department of NIEPA, Dr Sunday Adegbesan highlighted the scope of the workshop to include “Basic Knowledge of Forensic for Educational Institutions Management,” Forensic Accounting Tools and Techniques for financial fraud Free Educational Institutions in Nigeria, “Forensic Audit Practices for Effective Management of Educational Institutions” and Digital Forensic Accounting and Educational Management. Adegbesan buttressed that for a proper Education Sector Analysis (ESA) to take place, an in-depth examination of the internal and external environment of a given education is only possible with forensic analysis.

At the end of the workshop, the harped on the need for continuity of similar training workshops for broader knowledge while stressing the need to include other relevant stakeholders in the education sector for more effective service delivery and collaboration. They also appreciated the Management of the NIEPA Ondo for the conducive environment, good accommodation and reasonable transportation allowance provided for them.