An Empirical Investigation of Fraud Risk Assessment and Knowledge Requirement on Fraud Related Problem Representation in Nigeria

Autor: Rose Shamsiah Samsudin, Oluwatoyin Muse Johnson Popoola, Ayoib Che-Ahmad
Rok vydání: 2015
Předmět:
Actuarial science
business.industry
Forensic accountant
Public sector
Mindset
Audit
jel:M40
Structural equation modeling
Forensic accounting
Likert scale
jel:M4
jel:M41
jel:M42
Accounting
jel:M48
jel:M49
business
Psychology
Fraud Forensics
Accounting
Accountability
Forensic Accounting
Auditing
Assurance
Corporate Governance
Risk Management
Investigation
Risk Assessment
Task Performance
Problem Representation
Skills
Mindset
Knowledge
Values
Ethics
Fraud Risk Assessment
Financial Criminology
Fraud
Fraud Related Problem Representation
Fraud Prevention
Fraud Detection
Fraud Response
Fraud Specialist
Auditor
Forensic Accountant
Finance
Risk management
Fraud Forensics
Accountability
Forensic Accounting
Auditing
Assurance
Corporate Governance
Risk Management
Investigation
Risk Assessment
Task Performance
Problem Representation
Skills
Knowledge
Values
Ethics
Fraud Risk Assessment
Financial Criminology
Fraud
Fraud Related Problem Representation
Fraud Prevention
Fraud Detection
Fraud Response
Fraud Specialist
Auditor
Forensic Accountant
Fraud Examiner
DOI: 10.5281/zenodo.30971
Popis: 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.
Databáze: OpenAIRE
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