The purpose of this study was to establish the use of voluntary disclosure in determining the quality of financial statements among the listed companies in Nigeria.
PurposeThis study investigates the perception of professionals in the field of accounting, and those associated with forensic auditing, about the knowledge and skills, experience and technique that a forensic auditor should possess to provide high-quality services in fraud detection. The study also shows the impact of forensic auditing tools on fraud detection.Design/methodology/approachWith the use of a self-administered questionnaire, the study adopts a survey design in which 298 respondents participated. Data were subjected to descriptive statistics (ranking, mean and standard deviation), inferential statistics (binary logistic regression and ordinary least square regression).FindingsThe findings indicate that adequate knowledge of economic damage calculation and financial statement valuation is essential for forensic auditors' service. The results also reveal that forensic auditor skills and techniques is a significant predictor for fraud detection in the Nigerian public sector.Practical implicationsThe paper draws attention of the federal government parastatals to the need to improve their internal control system to reduce the fraudulent practices in their parastatal. The study also draws the attention of the Nigeria University Commission and the Institute of Chartered Accountants of Nigeria on the needs for revision of the accounting curricular for the training of accounting graduates and professional accountants in Nigeria.Social implicationsThe paper is of importance to other developing nation as it provides empirical evidence on the needs to do periodic forensic audits of government corporations.Originality/valueWith the persistent increase in the number of fraudulent cases, current views of those associated with forensic auditing (judiciaries, parastatals, forensic auditors and academics) on mechanisms for timely detection of fraud are needed.
The gap existing in the developing countries on whether adoption of BSC a significant influence on non-financial performance of tertiary institutions in Nigeria has using employers’ rating as a measure of performance, necessitated this study. The study used a survey research design. The population of the study consisted of all the sixty-eight (68) tertiary institutions in South Western Nigeria which comprised publicly and privately owned universities and polytechnics where a sample of 34 institutions were drawn using the multistage sampling technique. Data was collected using a five-point likert scale questionnaire from 209 respondents purposively drawn from the various categories of staff of the institutions selected. Data were analyzed using descriptive and inferential statistics. The results revealed that there is a significant improvement in the performance of tertiary institutions in Nigeria after adoption of the balanced scorecard. Also, we reported that about 63% of the variation in the ways in which graduates of Nigerian institutions are rated by the employers are associated with the combined effects of all the four components of the balanced scorecard investigated in this study. This research concluded that the balanced scorecard has a significant positive effect on the performance of tertiary institutions in Nigeria.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.