Accounting as a professional field,  encompasses a wide range of activities, practices, and concepts with accounting professionals acting in various capacities such as auditors, financial controllers and financial executives just to mention but a few. Hence, in their efforts to understand how and why accountants make decisions as well as the role the play in National development, accounting professionals rely on a broad set of theoretical and methodological tools that are drawn from various disciplines (Chatfield, 2013). Accounting professionals (accountants) evaluates records drawn up by the bookkeeper and shows the results of this investigation as losses and gains, leakages, economies, or changes in value, so as to reveal the progress or failures of the business and also its future limitations and possibilities as well as the level of economic development (Lernout and Hauspie, 2004).  Fraud and corruption are fundamental problems of third world countries, particularly Nigeria were official corruption has become endemic.(Akram 2009). The spate of world-wide corporate scandals involving Enron, World com, Global Crossing, Tyco International, Xerox (USA); Parmalat (Italy) and corporate fraud perpetuated in Nigeria by management of Lever Brothers, Union Dicon Salt, Cadbury (Nigeria), and the 14 distressed banks all have significant effect on the level o of national growth in Nigeria. Due to this ugly effect as exposed by audit of the Central Bank of Nigeria has shown the failure of traditional audit techniques in unravelling corporate fraud have rejuvenated interest in forensic accounting. So also are the increasing government concerns over official corruptions and the doggedness of the various anti-corruption agencies at unravelling them through the deployment of forensic accounting. Companies are now beginning to be more determined than ever to ensure that their operations are above board and in no way connected with financial frauds which may have effect on National development. These have resulted in a steadily growing demand for sophisticated accounting and auditing techniques as provided by forensic accounting in detecting, correcting and preventing fraud as well as deceptive and creative accounting practices aimed at improving National development.

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