ENHANCING PUBLIC CONFIDENCE IN AUDIT REPORT OF LISTED COMPANIES IN NIGERIA THROUGH FORENSIC AUDIT

Yakubu, Bala Zakari () and Oyedokun, Godwin Emmanuel ()
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Yakubu, Bala Zakari: Department of Accountancy, Postal: Nasarawa State Polytechnic, Lafia, Nigeria,, https://www.afarng.org/jfafi/
Oyedokun, Godwin Emmanuel: Department of Management & Accounting, Postal: Lead City University, Ibadan. Nigeria,, https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 1, 83-103

Abstract: The research work is designed to assess whether the forensic audit activities enhance public confidence in audit report in Nigeria. Primary data were sourced to elicit information from accountants and some users of accounting report. Structured questionnaire based on Likert 5-Scale were administered to sample size of forty respondents. Forty (40) copies of the questionnaire were distributed and thirty eight (38) were filed and retrieved. Data collected were presented in tables and analyzed using the descriptive statistics, while chi-square was used in testing the hypotheses at 5% level of significance. It was found that, that forensic audit role enhance the investing public confidence in the audit report of listed insurance companies in Nigeria. The research recommends that, forensic audit unit should be established in every organization to fortify the internal control of various organizations and compliment the roles of internal and external auditors.

Keywords: Auditing; Audit report; Forensic accounting; Transparency; Public confidence (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jfaafi:0034

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Journal of Forensic Accounting & Fraud Investigation (JFAFI) is currently edited by Godwin Emmanuel Oyedokun, Muhammad Akaro Mainoma and Suleiman A. S. Aruwa

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