Forensic Accounting and Audit Expectation Gap - The Perception of Accounting Academics

35 Pages Posted: 2 Sep 2011  

Okaro Sunday Chukwunedu

Nnamdi Azikiwe University - Department of Accountancy

Emma Ik Okoye

Nnamdi Azikiwe University - Department of Accountancy

Date Written: September 1, 2011

Abstract

This research is about the perception of Accounting Academics on the vexed issue of whether the injection of Forensic Accounting techniques, on a cost/benefit basis, in an audit is capable of increasing the ability of the auditor to discover fraud and thus help in bridging the audit expectation gap in Nigeria. A survey research design approach was adopted for this study. Questionnaire was administered on Accounting Academics of 8 tertiary institutions in the Eastern part of Nigeria. The study revealed, from the perception of Accounting Academics, that Forensic Accounting techniques injected in an audit and given cost/benefit considerations is capable of increasing the ability of the Auditor to detect fraud and thus help bridge the audit expectation gap in Nigeria. This finding has implications for both accounting education and accounting practice.

Keywords: Forensic Accounting, Audit, Expectation Gap, Perception, Accounting Academics

JEL Classification: M4, M49

Suggested Citation

Chukwunedu, Okaro Sunday and Okoye, Emma Ik, Forensic Accounting and Audit Expectation Gap - The Perception of Accounting Academics (September 1, 2011). Available at SSRN: https://ssrn.com/abstract=1920865 or http://dx.doi.org/10.2139/ssrn.1920865

Okaro Sunday Chukwunedu (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Department of Accountacy
Faculty Of Management Sciences
Awka, West Africa 23400
Nigeria

Emma Ik Okoye

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

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