The effects of experience and explicit fraud risk assessment in detecting fraud with analytical procedures

Knapp, Carol A.; Knapp, Michael

doi:10.1016/s0361-3682(00)00005-2

Cited by 144 publications

(85 citation statements)

References 7 publications

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“…Importantly, the current findings significantly agree with the previous study (FRC, 2014;Owens, 2012;Wuerges, 2011;Chui, 2010;PCAOB, 2008;ICAN, 2005;Wilks & Zimbelman, 2004;Knapp & Knapp, 2001;Hackenbrack, 1992) that found forensic accountants to have higher levels of task performance fraud risk assessment requirement than auditors.…”

Section: Discussionsupporting

confidence: 92%

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: Discussionsupporting

confidence: 92%

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

Popoola¹,

Ahmad²,

Samsudin³

2014

IJBM

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“…Various researches on experience and expertise recommend that an individual's knowledge changes as experience increases (Knapp & Knapp, 2001). In this vein, Libby and Frederick (1990) suggest that this knowledge advantage was as a result of the ability to generate more likely explanations for audit findings.…”

Section: Audit Experiencementioning

confidence: 99%

The Relationship between Audit Experience and Internal Audit Effectiveness in the Public Sector Organizations

Badara¹,

Saidin²

2013

IJARAFMS

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“…Knapp and Knapp (2001) found that audit managers were more effective in assessing the risk fraud using analytical procedures than audit seniors; similarly, Bernardi found that audit managers were more effective at detecting fraud than audit seniors. For the Bernardi study, the detection rate for managers was increased when the managers reviewed their firms' estimates of client integrity (i.e., ability to trust the client's statements).…”

Section: Trust and Auditors' Judgmentsmentioning

confidence: 95%

The Propensity to Trust Others: Gender and Country Differences

Shrestha

Bernardi

Bosco

2013

AFR

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Our research examines the level of individual trust in others, which is an important issue because it essentially determines the level of additional work that must be done by auditors to make their audit decision. This study includes the responses of 315 accounting students from Afghanistan, Australia, Nepal, and the United States. It then examines whether levels of trust vary by country. Our data indicate that students from both Australia and Nepal had significantly different levels of trust than the students from the United States (our control group). While the students from Nepal had a significantly lower level of trust than the students from the United States, the students from Australia had a significantly higher level of trust than the students from the United States. Additionally, male (female) students indicated a lower (higher) level of trust. Our finding of differences among countries in the level of individual trust has implications in the field of international auditing. While the countries of the world are working at harmonizing their accounting and auditing standards, differences in the amount of work actually done on an audit could be determined by the level of trust in a client. The sample includes Afghanistan and Nepal that are not presently included in auditing-related research.

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The effects of experience and explicit fraud risk assessment in detecting fraud with analytical procedures

Cited by 144 publications

References 7 publications

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

The Relationship between Audit Experience and Internal Audit Effectiveness in the Public Sector Organizations

The Propensity to Trust Others: Gender and Country Differences

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