IDEAS home Printed from https://ideas.repec.org/a/rfa/bmsjnl/v1y2015i2p20-35.html
   My bibliography  Save this article

Evaluation of Key Determinants of Fraud Free Financial Report: a Focus on Nigeria

Author

Listed:
  • Nenyiaba Ile Charles
  • Okoye Emma I.

Abstract

The study evaluated the key determinants of fraud free financial reports. Descriptive research design was used. Two null hypotheses were tested using Z-test for proportion, F statistics and Microsoft excel 2010 toolpak. The study revealed that there is significant relationship amongst the following variables; Accounting Standards, Corporate Governance and Internal Controls in determining Fraud Free Financial Report. Furthermore, that in Nigeria to obtain Fraud Free Financial Report emphasis was on Accounting Standards, Internal Controls and Corporate Governance in this order and,Auditor¡¯s Independence, Whistle Blowing and Accountants¡¯ Education received little or no attention. It also revealed that from extant literature Accounting Standards are tools for combating 25% of the eight elements in fraud management cycle while 75% of them are within the purview of Forensic accounting. Hence it recommended that forensic accounting courses should be incorporated into the curriculum of professional accounting institutes in order to equip their members with sufficient skills that would enable them effectively perform their duties as public accountants.

Suggested Citation

  • Nenyiaba Ile Charles & Okoye Emma I., 2015. "Evaluation of Key Determinants of Fraud Free Financial Report: a Focus on Nigeria," Business and Management Studies, Redfame publishing, vol. 1(2), pages 20-35, September.
    • Handle: RePEc:rfa:bmsjnl:v:1:y:2015:i:2:p:20-35
    as

    Download full text from publisher

    File URL: http://redfame.com/journal/index.php/bms/article/view/819/757
    Download Restriction: no
    File URL: http://redfame.com/journal/index.php/bms/article/view/819
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    fraud free financial reports; corporate governance; internal controls; whistle blowing; accountant education and independent of auditors;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfa:bmsjnl:v:1:y:2015:i:2:p:20-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Redfame publishing (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.