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The Forensic Accountants' Skills and Ethics on Fraud Prevention in the Nigerian Public Sector

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  • Lateef Saheed Ademola
  • Ayoib B. Ch-Ahmad
  • Oluwatoyin Johnson Muse Popoola

Abstract

The study investigates the required skills and ethics of the forensic accountant in preventing fraudulent practices in the Nigerian public sector. The primary source of data was utilized for data collection. Using the simple random sampling (SRS), a total of 300 questionnaires were administered; 163 were retrieved. The data obtained was analyzed using SmartPLS - for measurement and structural model. One of the major findings revealed that skills requirement was significant predator of fraud prevention as well as ethics requirement. This means that the higher the skills and ethics of the forensic accountant, the better is the fraud prevention. It is thus, recommended that forensic accounting services should be made statutory in the Nigerian public sector to help in preventing fraudulent practices. Hence the need to create awareness and expand the application of forensic accounting services in Nigerian public sector.

Suggested Citation

  • Lateef Saheed Ademola & Ayoib B. Ch-Ahmad & Oluwatoyin Johnson Muse Popoola, 2017. "The Forensic Accountants' Skills and Ethics on Fraud Prevention in the Nigerian Public Sector," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 77-85, December.
    • Handle: RePEc:khe:scajes:v:3:y:2017:i:4:p:77-85
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    References listed on IDEAS

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    1. Phil Brown & Morris Stocks & W. Wilder, 2007. "Ethical Exemplification and the AICPA Code of Professional Conduct: An Empirical Investigation of Auditor and Public Perceptions," Journal of Business Ethics, Springer, vol. 71(1), pages 39-71, March.
    2. James A. DiGabriele, 2009. "Implications of regulatory prescriptions and audit standards on the evolution of forensic accounting in the audit process," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 10(2), pages 109-121, September.
    3. Knapp, Carol A. & Knapp, Michael C., 2001. "The effects of experience and explicit fraud risk assessment in detecting fraud with analytical procedures," Accounting, Organizations and Society, Elsevier, vol. 26(1), pages 25-37, January.
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    Cited by:

    1. Ala'a Zuhair Mansour & Aidi Ahmi & Oluwatoyin Muse Johnson Popoola, 2020. "The Personality Factor of Conscientiousness on Skills Requirement and Fraud Risk Assessment Performance," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(2), pages 405-415, April.

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    More about this item

    Keywords

    Forensic accountant; capability; fraud prevention; public sector; Nigeria;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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