Task performance fraud risk assessment on forensic accountant and auditor knowledge and mindset in Nigerian public sector

Popoola, Oluwatoyin Muse Johnson; Ahmad, Ayoib Che; Samsudin, Rose Shamsiah

doi:10.22495/rgcv4i3c1art2

Cited by 12 publications

(18 citation statements)

References 12 publications

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“…Mindset is the positive mental attitude of a forensic accountant and auditor to prevent, detect and response to fraud (Popoola et al, 2013b;Wuerges, 2011;Chui, 2010;Singleton & Singleton, 2007). Hypothesis H2 of this study states that Mindset -forensic accountant and auditor (MR) is positively related to task performance fraud risk assessment (TPFRA).…”

Section: Discussionmentioning

confidence: 94%

“…Knowledge in this study refers to the forensic accountant and the auditor's attribute and proficiency competences necessary and relevant to discharge technical and innovative task, especially with respect to identifying and analysing methods and procedures for fraud prevention, detection and response from the Nigerian public sector environment (Popoola et al, 2013a;Popoola et al, 2013b;Davis, Farrell & Ogilby, 2010;Ramaswamy, 2007;. Hypothesis H1 of this study states that Knowledge -forensic accountant and auditor (KR) is positively related to task performance fraud risk assessment (TPFRA).…”

Section: Discussionmentioning

confidence: 99%

“…Boleigha (2011) noted that forensic accounting is not "accounting for dead people," rather it is the application of a broad range of accounting, auditing, and investigative skills to measure and verify economic damages and resolve financial disputes. Popoola et al, (2013b) defines forensic accounting as the integration of specialized accounting knowledge and positive mental attitude to resolve legal issues. Forensic accountants exist mainly for the same reasons why prosecutors and commercial branch investigators exist.…”

Section: Review Of Literaturementioning

confidence: 99%

“…This standard contains the suggestion that the "auditor may respond to an identified risk of material misstatement due to fraud by assigning the forensic or IT specialists" (Popoola et al, 2013b;Wuerges, 2011;Chui, 2010;AICPA, 2002). Prior research describes three key risk factors related to fraud.…”

Section: Introductionmentioning

confidence: 99%

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Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

Popoola¹,

Ahmad²,

Samsudin³

2014

IJBM

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The paper investigates the relationship between knowledge (KR) and mindset (MR) on task performance fraud risk assessment (TPFRA) of forensic accountant and auditor in the public sector environment. It also examines the claim that forensic accountants possess higher level of KR, MR and TPFRA than auditors. The study design is cross-sectional. Survey questionnaire is used. The 300 respondents are real professional people (i.e. auditors and accountants in the Nigerian public sector) as true representatives to enhance the generalisation of the outcomes. PLS-SEM and IBM SPSS Statistics 20.0 were used as the primary statistical analysis tools for the study. The results of the present study confirm the positive relationship of KR and MR on TPFRA. Specifically, the results revealed that forensic accountants have higher levels of KR, MR and TPFRA than auditors in the areas of fraud prevention/deterrent, detection and response. Because of the adoption of cross-sectional design in which data are collected at one point of time, there is no time to wait for different follow-up stages or interventions before data analysis. Researchers are encouraged to use longitudinal design to explore interactions between KR, MR and TPFRA. This empirical study has revealed the value of KR and MR (forensic accountant and auditor) as a significant capability requirement in the workplace. Since no nation is immune to fraud and as loss due to fraud is costly, the result of this research will improve the corporate governance and accountability practices among public sector accountants and auditors.

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Section: Discussionmentioning

confidence: 94%

Section: Discussionmentioning

confidence: 99%

Section: Review Of Literaturementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

Popoola¹,

Ahmad²,

Samsudin³

2014

IJBM

Self Cite

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“…Without proper and adequate forensic education, expecting financial statement auditors to detect fraud is similar to pouring new wine into old bottles (Wuerges, 2011 AICPA, 2002) These standards contain recommendation that the "auditor may respond to an identified risk of material misstatement due to fraud by assigning the forensic or IT specialists" (Popoola et al, 2013b;Chui, 2010;AICPA, 2002). Davia (2000) found that fraud detection is distinct from the financial statement audit, and it requires a diverse knowledge area, which can only be carried out through forensic accounting techniques.…”

Section: Forensic Accountants and Auditors Knowledge Requirementmentioning

confidence: 99%

An empirical investigation of fraud risk assessment and knowledge requirement on fraud related problem representation in Nigeria

Popoola

Ahmad

Samsudin

2015

Accounting Research Journal

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Purpose – The paper aims to investigate Task Performance Fraud Risk Assessment (TPFRA) and Knowledge Requirement (KR) of the forensic accountant and auditor on Fraud-Related Problem Representation (FRPR) in the Nigerian public sector. Design/methodology/approach – The study used cross-sectional design and 400 survey questionnaires. The respondents are real professional people (auditors and forensic accountants in the Nigerian public sector) as true representatives to enhance the generalization of the outcomes. A total of 36 indicator items was measured on five-point Likert scale from 1 (strongly disagree) to 5 (strongly agree). Partial Least Square – Structural Equation Modelling 2.0 3M and IBM SPSS Statistics 20.0 were used as the primary statistical analysis tool for the study. Findings – The results of the present study confirm the positive relationship between KR on TPFRA, positive relationship of KR on FRPR and positive relationship of FRPR and TPFRA. Specifically, the results revealed that FRPR positively mediates the relationship between TPFRA and KR (forensic accountant and auditor) in the areas of fraud prevention, detection and response. Research limitations/implications – The first limitation deals with fraud and corrupt practices in a developing country, Nigeria. Examining the mediating influence of FRPR on KR and TPFRA in the public sector could be considered as sensitive and raise the issue of bias. The second limitation is the adoption of cross-sectional design in which data are collected at one point in time. Researchers are encouraged to use a longitudinal design to explore interactions between KR, FRPR and TPFRA. Practical implications – This empirical study has revealed the value of KR (forensic accountant and auditor) as a significant capability requirement in the workplace. In addition, it shows the importance of FRPR as an important mental state in decision-making or judgment and also the significance of FRPR as an important mediating variable on KR and TPFRA. Originality/value – No nation is immune to fraud, and loss due to fraud in the public sector is enormous and costly; the result of this research will improve the KR of auditors and forensic accountants in the areas of fraud detection, prevention and response. It will also contribute to the regulatory, legal and institutional frameworks in accounting and auditing systems in Nigeria and portend an increase in demand for forensic accountants.

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Discovering the global landscape of fraud detection studies: a bibliometric review

Mansour

Ahmi

Popoola

et al. 2021

JFC

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Purpose This paper aims to present a bibliometric analysis of publications from the Scopus database on fraud detection studies. Design/methodology/approach The current research used Microsoft Excel to conduct the frequency analysis, VOSviewer for data visualisation and Harzing’s Publish or Perish for citation metrics and analysis. Findings In alignment with these research results, the publications on fraud detection studies have been consistently increasing since 2005. India was rated first as the most active country in fraud detection research. Tongji University from China was the most active institution that published significant publications related to fraud detection research. A total of 160 scholars from 89 various countries and 160 different institutions published several fraud detections studies with multi-authors’ participation in different languages. Originality/value To the best of the authors knowledge, this study is the first study to review fraud detections publications in the Scopus science database.

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Task performance fraud risk assessment on forensic accountant and auditor knowledge and mindset in Nigerian public sector

Cited by 12 publications

References 12 publications

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

An empirical investigation of fraud risk assessment and knowledge requirement on fraud related problem representation in Nigeria

Discovering the global landscape of fraud detection studies: a bibliometric review

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