+91 8617752708

Asian Journal of Economics, Business and Accounting, ISSN: 2456-639X,Vol.: 10, Issue.: 1

Original-research-article

Users’ Perceptions on Auditors’ Responsibilities for Fraud Prevention, Detection and Audit Expectation GAP in Nigeria

Safiyanu Sule1*, Nor Zalina Mohamad Yusof1 and Ku Maisurah Ku Bahador1

1Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia, 06010 Sintok, Kedah, Malaysia

Article Information

Editor(s):

(1) Dr. Chun-Chien Kuo, Associate Professor, Department of International Business, National Taipei University of Business, Taiwan.

Reviewers:

(1) Peter Yao Lartey, School of Finance and Economics, Jiangsu University, P.R China.

(2) İsmail Ukav, Adiyaman University, Turkey.

Complete Peer review History: http://www.sdiarticle3.com/review-history/46832

Abstracts

The role of auditors is highly important in today’s business environment as a result of the separation of ownership from control considering numerous shareholders in the companies. One of the areas that posed a challenge is where users of financial statements perceive the roles of auditors concerning fraud prevention and detection. This paper examined users’ perceptions of the auditors’ responsibility for fraud prevention, fraud detection and audit expectation gap (AEG) in Nigeria. The study adopts a survey research design in which 200 copies of the questionnaires were administered to academics, accountants, investors, stockbrokers and bankers in Kano and Jigawa States of Nigeria. In addition, three hypotheses were formulated and tested using One-way Analysis of Variance (ANOVA). The findings of this study revealed that AEG exists in the area of fraud prevention and detection in Nigeria. In view of this, the paper suggests that proper enlightenment to the public, investors and potential investors about the audit function and auditor’s responsibilities concerning fraud prevention and detection should be employed by the regulators, professional accounting bodies and other stakeholders as this could help in reducing the AEG in Nigeria.   

Keywords :

Auditors’ responsibility; fraud prevention and detection; audit expectation gap; users of financial statements; Nigeria.

Full Article - PDF    Page 1-10

DOI : 10.9734/AJEBA/2019/46832

Review History    Comments

Our Contacts

Guest House Road, Street no - 1/6,
Hooghly, West Bengal,
India

+91 8617752708

 

Third Floor, 207 Regent Street
London, W1B 3HH,
UK

+44 20-3031-1429