FORENSIC AUDIT SKILLS ON CONTEMPORARY AUDIT REPORTS AND ORGANIZATIONAL PRODUCTIVITY

Authors

  • Solomon Ini Akpan Department of Business Education, Faculty of Education, University of Uyo, Uyo, Nigeria
  • Ntiense Moses Akpan Department of Business Education, Faculty of Education, University of Uyo, Uyo, Nigeria

DOI:

https://doi.org/10.46827/ejes.v8i12.4016

Abstract

This study sought to determine the forensic audit skills on contemporary audit reports and organizational productivity. Two research questions and two null hypotheses were formulated and tested at 0.05 level of significance. The descriptive survey design was adopted and it was carried out in Akwa Ibom State using two organizations namely; Champion Breweries Plc and Akwa Ibom Water Company. The population consists of 2836 staff while the sample size was 351 staff determined statistically using Taro Yamane formula. The purposive sampling technique was used. The instrument used for data collection was Forensic Audit Skills on Contemporary Audit Report and Organizational Productivity Questionnaire (FASCAROPQ). It was validated by three experts from the University of Uyo. The Cronbach Alpha reliability technique was used in which 0.79 index was obtained. The regression analysis was used in answering the research questions as well as testing of null hypotheses at 0.05 level of significance. The findings reveal that data mining skill and computer assisted audit techniques significantly predict organizational productivity to a high level. Based on the findings of the study, it was concluded that forensic audit skills are very paramount to operators of any organization in order to correct the irregularities of contemporary audit report. Therefore, it is recommended among others that owners and managers of organization should ensure that their auditors adhere to data mining skill for effective audit report that would lead to optimal productivity of the organization.

 

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Author Biographies

  • Solomon Ini Akpan, Department of Business Education, Faculty of Education, University of Uyo, Uyo, Nigeria
    Solomon, Ini Akpan is a PhD student of Business Education, Accounting in the Department of Business Education, University of Uyo, Uyo, Akwa Ibom State, Nigeria. He has his B.Sc, and M.Sc (Ed.) Degrees in Accounting Education and Business Education respectively. His research interests include Education, Business, Management and Accounting. Ini is a member of Nigerian Institute of Management (NIM) and a registered member of the Teachers Registration Council of Nigeria (TRCN).
  • Ntiense Moses Akpan, Department of Business Education, Faculty of Education, University of Uyo, Uyo, Nigeria
    Ntiense Moses Akpan is a Master’s Degree student of Business Education (Accounting) in the Department of Business Education, University of Uyo, Nigeria. He holds a Higher National Diploma (HND) in Accounting from the Akwa Ibom State Polytechnic College, Nigeria, Post Graduate Diploma in Education (PGDE) from Usmanu Danfodiyo University, Sokoto, Nigeria and Bachelor of Art (BA) in Theology from Corner Stone University and Theological Seminary, Owerri, Nigeria. Ntiense is making remarkable contributions in the areas of research through scholarly publications in both local and International Journals. His research focuses on politicizing the implementation of Universal Basic Education in Akwa Ibom State: implications for National Development, and forensic audit skills on contemporary audit reports and organizational productivity. His wealth of experience spans across Accountancy, Teaching, Internal/External Auditing and Taxation. He is the Head of Internal Control/ Compliance in Kofana Securities and Investments Limited. He is a certified professional Teacher (Teachers Registration Council of Nigeria).

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Published

2021-11-14

Issue

Vol. 8 No. 12 (2021)

Section

Articles

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