The impact of basic forensic accounting skills on financial reporting credibility among listed firms in Nigeria

Chukwu, Njideka; Asaolu, Taiwo Olufemi; Uwuigbe, Uwalomwa; Umukoro, Olaoluwa; Nassar, Lanre.; Alabi, Oluwaseyi

doi:10.1088/1755-1315/331/1/012041

Cited by 9 publications

(3 citation statements)

References 4 publications

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“…A total of thirty-eight listed banks in Africa have been selected as the Sample size. The regression analysis applied the robust formula during the statistical analysis Chukwu et al, 2019;Eluyela et al, 2019a;Oladipo et al, 2019).…”

Section: Methodsmentioning

confidence: 99%

Firm Size and Financial Performance Among Listed Banks of Emerging Economies in Africa

Umukoro¹,

Uwuigbe²,

Obigbemi³

et al. 2021

RWE

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The continuous increase in the size of various firms and listed banks, has necessitated the need to empirically examine the effect firm size has on the financial performance of listed banks in Africa. This is because some organisations and institutions have in time past failed to fulfill their going concern objective despite their large firm size balance. This study examined the effect firm size has on the three levels of cash flow of emerging economies in listed banks in Africa. The study employed the use of multiple regression analysis with the aid of the STATA statistical software tool. The result obtained revealed that for the operating level of cash flow, all countries used in this paper, with the exception of Kenya should continue to employ the independent variable as a corporate strategy method as it increases operating cash inflow. The financing level of cash flow results recommended that all countries except Nigeria should continue to utilize firm size as a significant value was obtained from the regression. The investing level of cash flow results produced a significant P-value for all countries with the exception of Botswana. The study, therefore, recommended that listed banks in Kenya, Nigeria and Botswana should apply caution in employing the firm-size corporate strategy method. This is because it doesn’t guarantee cash inflow in all three levels of cash flows.

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Section: Methodsmentioning

confidence: 99%

Firm Size and Financial Performance Among Listed Banks of Emerging Economies in Africa

Umukoro¹,

Uwuigbe²,

Obigbemi³

et al. 2021

RWE

View full text Add to dashboard Cite

show abstract

“…The basic assumption behind the ANAPs is that the relationship and trends in financial information are expected to follow a historical and logical pattern. ANAPs reveal an investigation of fluctuations and relationships that are consistent with or differ from expected values by a significant amount (Chukwu et al, 2019). On this basis, forensic auditors look out for what should be provided rather than what was provided (Eiya & Otalor, 2013).…”

Section: Analytical Proceduresmentioning

confidence: 99%

The Effect of Forensic Audit Services on Tax Fraud in South-South, Nigeria

Ibadin,

Embele

2023

AFR

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The need to address tax fraud has increasingly been attracted to the state authorities’ administrators, decision-makers, scholars, and investigators in Nigeria. Although various efforts have been made to alleviate it for effective revenue generation, mobilization through taxation is still low. Consequently, this study examined Forensic Audit Services and Tax Fraud in South-South Nigeria. To this end, a cross-sectional research design with a survey research strategy was used. Copies of questionnaire, reflecting the research questions, were distributed to a sample size of 228 staff in the Nigerian Federal Inland Revenue Service in the South-South States with a target population (of 530) and a sampling error of 5% at a 95% confidence interval. To assess the study's hypotheses, the Robust Least Squares Estimation technique was used. Findings revealed that Forensic Audit Investigation Services disaggregated into Background Investigation, Investigative Interview, and Analytical Procedures exert a negative and significant effect on Tax Fraud. It was also revealed that the explanatory power of Litigation Support Services in the form of Pre-trial Support and Expert Witnessing negatively and significantly affected Tax Fraud. The implications of these findings suggest that forensic audit services mitigate the occurrence of tax fraud in Nigeria, thereby improving compliance and tax revenue generation. On the premise of the foregoing, we recommend that tax investigating agencies, such as the federal Inland Revenue Service and its counterparts in the states (all in Nigeria) should employ background investigation techniques including surveillance, undercover operations and database searches as a routine procedure to proactively search for indicators of fraud. Besides, tax officials should be well trained on the usefulness and application of analytical procedures, ranging from simple ratio analysis, data mining techniques, Bedford’s Law, and Beneish model during an investigation, to help in their audit efficiency.

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“…It is worrisome that there is a diminishing in the quality of audit reports because this has not only served as a threat to audit practice but to the accounting profession which has failed to update and acquire needed auditing skills that will enable auditors to achieve their audit objective with ease. The quality and reliability of audit reports are reposed by the expertise and proficiency employed in performing the statutory audit function by the auditors (Chukwu et al, 2019). It is however believed that engaging forensic technology in the audit process will improve the quality standard of the auditor's report issued by the audit firms.…”

Section: Introductionmentioning

confidence: 99%

Forensic Audit Technology and Audit Report Quality of Selected Audit Firms in Nigeria

Olusola Esther,

Oluyinka Isaiah,

Yusuf

et al. 2023

IJEBMR

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The resultant effect of adapting forensic technology with the intention of improving audit approach for the cause of redeeming the public trust in auditors' reports which has been on the decline is the focus of the study. Hence, the influence of data analytics and textual analytics as forensic audit technology on the audit report quality of selected audit firms in Nigeria was examined. Using a survey research design, a structured five-point Likert scale questionnaire was employed and 106 useful questionnaires were retrieved from the monkey survey on experienced and professional auditors from the 281 registered auditing firms with ICAN as of January 1st of 2022. The census sampling technique was adopted and the obtained response was analyzed using ordinal logistic regression. The findings show that data analytics have a positive and significant effect on audit report quality while textual analysis has negative and significant effect on the audit report quality of selected audit firms. It was then concluded that the usage of data analysis techniques in gathering audit evidence improves the quality of reports issued by audit firms in Nigeria. It is recommended that audit firms should embed forensic technology in audit engagement to sharpen their opinion through proper audit evidence and in turn favorably influence audit quality.

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The impact of basic forensic accounting skills on financial reporting credibility among listed firms in Nigeria

Cited by 9 publications

References 4 publications

Firm Size and Financial Performance Among Listed Banks of Emerging Economies in Africa

Firm Size and Financial Performance Among Listed Banks of Emerging Economies in Africa

The Effect of Forensic Audit Services on Tax Fraud in South-South, Nigeria

Forensic Audit Technology and Audit Report Quality of Selected Audit Firms in Nigeria

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