Forensic Accounting as a Growth Strategy for Small Business Entrepreneurs in Nigeria

Abstract

This paper attempts to contextualize the development of SMEs given the Nigerian experience, while also highlighting the role forensic accountants can play in liberating SMEs from the clutches of poor enabling environment and diverse encountered challenges. It recognizes that forensic accountants can stimulate SMEs for growth and expansion, tackle their safeguard / internal control challenges, demystify their fraud / investigation and litigation puzzles, encourage them to move into the formal sector, and generally assist their evolution from smallness to largeness. It recommends that the small business entrepreneur, through the forensic accountant, can set up policies, strategies and procedures which constitute a crucial part of efforts necessary towards addressing his business growth challenges.