Forensic accounting knowledge and skills on task performance fraud risk assessment: Nigerian public sector experience

• Main Authors: Popoola, Oluwatoyin Muse Johnson, Che Ahmad, Ayoib, Samsudin, Rose Shamsiah
• Format: Article
• Language: English
• Published: Higher Education Forum (HEF) 2013
• Subjects: H Social Sciences (General); HF Commerce; HF5601 Accounting; HG Finance; HJ Public Finance
• Online Access: http://repo.uum.edu.my/15835/1/Forensic_Accounting_Knowledge_and_Skills_on_Task_Performance_Fraud_Risk_Assessmentpdf.pdf; http://repo.uum.edu.my/15835/; http://www.ibsss-conf.org/

The Public company accounting oversight board (PCAOB) standing advisory group (2008) highlights several challenges that relate to fraud and therefore tasks accounting researchers to determine whether forensic accountants are more capable than auditors in fraud detection, prevention and response. This paper discusses forensic accountant knowledge and skills and auditor knowledge and skills on task performance fraud risk assessment in the Nigerian public sector. It also draws the attention of the users of public sector accountants and auditors such as the regulatory and enforcement agencies, courts and ministries, departments and agencies. The objective of the study is to investigate the fraud risk assessment task performance in the office of the Auditor general for the Federation and Accountant general of the Federation through the effective use of knowledge and skills (forensic accountant versus auditor), which has the potential to usher in the best global practices in fighting fraud in the Nigerian public sector.