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The auditor's assessment and detection of corporate fraud: some Canadian evidence

Author

Listed:
  • Denis Cormier
  • Pascale Lapointe-Antunes

Abstract

This study provides evidence on the effectiveness of the risk-based approach to fraud detection in an environment where auditing standards did not force auditors to separately consider misstatements arising from fraud. We find that auditors who consider fraud risk factors, rely on basic analytical and specific audit procedures, and are more experienced, are more likely to detect fraud. Firms that are members of a larger organisation are less likely to detect fraud. Finally, we document that auditor opinions on the implementation of auditing standards on fraud differ depending on whether or not they previously experienced and detected client fraud.

Suggested Citation

  • Denis Cormier & Pascale Lapointe-Antunes, 2006. "The auditor's assessment and detection of corporate fraud: some Canadian evidence," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 3(2), pages 133-165.
    • Handle: RePEc:ids:ijaape:v:3:y:2006:i:2:p:133-165
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    Citations

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    Cited by:

    1. Alain Gilles FOKA TAGNE & Prince Dubois KENFACK HIKOUATCHA & Joséphine Florentine MBADUET & Joseph NDASSI YEPGNOU, 2018. "Qualité d’audit, concentration de l’actionnariat et reporting financier," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 9(1), pages 27-54, June.
    2. Alain Gilles FOKA TAGNE & Prince Dubois KENFACK HIKOUATCHA & Joséphine Florentine MBADUET & Joseph NDASSI YEPGNOU, 2018. "Qualité d’audit, concentration de l’actionnariat et reporting financier," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 9(1), pages 27-54, June.
    3. Papirakis, Rachel, 2022. "Auditors’ self-actualization and ability to resist client pressure: Evidence from Canada," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 47(C).

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