Skills Of Auditors Research Articles

Qualitative modeling of factors affecting auditor’s judgment and decision-making

Purpose The purpose of this paper is to provide a qualitative model in the field of factors affecting auditors’ judgment and decision-making. The current research follows a descriptive survey method. Design/methodology/approach A survey method was used to conduct this research, with a questionnaire as the primary tool. The statistical population consists of auditors with extensive knowledge and opinions on the research problem and its theoretical foundations. A sample of eight auditors was selected using the snowball sampling method. Findings The research results indicated that factors influencing auditors’ judgment and decision-making include reviewing audit reports from past periods, the knowledge and expertise of audit partners, input from the audit team, understanding social, cultural, political and economic environmental issues, auditor independence, technical and specialized skills of auditors, increasing experience, knowledge of business owners’ activities, rising audit fees and inhibiting forces in auditors’ judgment and decision-making. These inhibiting forces include lack of client knowledge, emotions, mental states, ethical considerations, business unit ownership structure, complexity of reviewed unit activities, state-owned business unit ownership, lack of understanding of employer activities and lack of expertise in the employer’s industry. Practical implications The model presented in this research aids in enhancing and refining the judgment and decision-making of independent auditors, resulting in more favorable financial reports for report users. Additionally, the theory developed through this research method can lead to the formulation of hypotheses that future researchers can test. Originality/value Auditor judgment is a vital aspect of independent audits, emphasized in auditing standards and professional codes of conduct.

A CRITICAL REVIEW OF TAX AUDIT QUALITY FACTORS: A RESEARCH SYNTHESIS

The quality of tax audits plays a critical role in ensuring the transparency, accuracy, and integrity of the taxation system, which in turn contributes to public confidence and higher tax compliance. In an increasingly complex and dynamic business world, understanding the factors that affect the quality of tax audits is becoming increasingly important. Therefore, this study aims to systematically review the existing literature to identify and analyze the factors. The motivation of this study is to fill the knowledge gap and provide a comprehensive guide for researchers and practitioners in the field of taxation. Data sources are obtained from academic journals by identifying the main themes and patterns that encompass from around the world, countries in Southeast Asia, and narrow down to Malaysian studies. The categorization of tax audit quality studies into these three groups allows for the identification of variations in the variables and research techniques used, as well as the comprehension of the cultural and regional context for the audit quality study issue. The results of the study show that there are several main factors that affect the quality of tax audits, including auditor skills, knowledge, experience, information technology (IT), job satisfaction and time. The study also found that the interaction between these factors can strengthen or weaken the quality of tax audits. In conclusion, this study provides an in-depth view of the factors that affect the quality of tax audits and underlines the importance of a holistic approach in dealing with this issue. The findings of this study can help tax authorities, audit firms, and policy makers especially to Inland Revenue Board of Malaysia (IRBM) in devising more effective strategies to improve the quality of tax audits.

Drivers Affecting Internal Audit Consulting Services: Contrasting Views from Demand-Side and Supply-Side Perspectives

demand-side (external auditors and audit committees) and supply-side (chief audit executive and senior and middle-level internal auditors) perspectives on the drivers of internal auditor consulting services. Design/ Methodology/ Approach: An independent sample t-test was conducted using the SPSS to determine views on the differences between the two groups. The study collected the perceptions of 258 respondents, including 123 on the demand side (57 audit committee members and 66 external auditors) and 135 respondents on the supply side (60 heads of internal audit and 75 internal auditors). Research finding: On the demand side, there are significant differences in the perceptions of audit committee members and external auditors, except on senior management support, risk-based internal audits, and auditor skills and competencies. On the supply side, there are no significant differences between chief audit executives and internal auditors’ views, except on organisational culture and data analytics. Theoretical contribution/ Originality: This study extends internal audit research based on the resource-based view (RBV) theory, considering various influencing drivers (internal resources) from the perspectives of various stakeholders that affect internal auditors consulting services. Practitioner/ Policy implication: To improve the consulting services of the internal auditors, audit committees, external auditors, chief audit executives and internal auditors should develop an understanding of these conflicting views. Research limitation: Only listed companies in Bangladesh, which are better governed and regulated, were considered for data collection. Future research can focus on other developing countries and on unlisted companies. In addition, perceptions of other stakeholders, such as regulators and senior management, can also be taken into consideration.

Auditor Skill Demands and Audit Quality: Evidence from Job Postings

This study empirically examines the relation between audit quality and auditors’ cognitive and social skills. Using a novel data set of online job postings by accounting firms, we document substantial variation in the stated demand for auditors’ cognitive and social skills, suggesting that audit offices are not homogeneous in their preferences for such skills. We find a positive relation between audit quality and the prevalence of cognitive and social skills within an audit office’s job postings. This association is stronger for audit engagements that are more complex or require greater coordination, suggesting that cognitive and social skills are particularly important in engagements where effective communication and knowledge transfer, as well as sound professional judgment and skepticism, are needed. The association is also stronger for audit offices with greater investments in new technology, consistent with the complementary relation between cognitive and social skills and the use of technology. Overall, our study offers empirical evidence linking specific auditor skills to audit quality. This paper was accepted by Suraj Srinivasan, accounting. Funding: C. Ham acknowledges financial support from the Blanche “Peg” Philpott Faculty Fellowship. R. N. Hann acknowledges financial support from KPMG. W. Wang acknowledges the financial support from the Hong Kong Research Grant Council [Grant 11503720]. Supplemental Material: The online appendix and data files are available at https://doi.org/10.1287/mnsc.2022.01640 .

ARTIFICIAL INTELLIGENCE AND INTERNAL AUDIT STAFFING PRACTICES: NECESSITATING A DIFFERENT SKILL SET FROM AUDITORS

A decade ago, no machine matched human skills in many areas, but now AI surpasses humans in at least some skill sets. Internal auditors' effectiveness and value addition to organizations hinges critically on their possession of essential skills like risk management, independence, and deep knowledge of internal controls, along with their professional training and ability to align audit plans with organizational goals. Thus, it is important in the literature to highlight the need to understand the relative importance of internal auditor skills, their practical application in the selection, hiring, training, and promotion processes, and the consideration of additional skills or factors that may impact the application of these skills. However, the necessity for auditors to adapt and acquire new skills to meet the evolving requirements of technology, particularly AI, has not been discussed before. There are two main skill sets that are important for internal auditors: perceived behavioral, sometimes called soft, and cognitive, sometimes called hard, skills. Consequently, this text will discuss the changing skill sets and sub-categories of competent internal auditors according to AI. The study’s findings contribute to professional practice and literature by understanding and improving internal auditors’ skills, elevating performance, and streamlining risk assessment processes.

Pengaruh Beban Kerja, Etika Profesional, Knowledge Dan Burnout Terhadap Kinerja Auditor Kantor Akuntan Publik Di Jakarta

This research is conducted to examine the influence of workload, professional ethics, knowledge, and burnout on the audit performance of auditors working in Public Accounting Firms (KAP) in Jakarta. The data collection method employed in this study utilized questionnaires distributed to 200 external auditors working in Public Accounting Firms (KAP) in Jakarta. The data analysis method used in this research is Partial Least Square. The results indicate that workload, professional ethics, knowledge, and burnout significantly affect the audit performance of auditors in Public Accounting Firms (KAP) in Jakarta. From these findings, it is evident that knowledge has the most significant impact on auditor performance. Therefore, companies may consider providing additional training to employees, particularly informal training that enhances auditor skills, such as training related to auditing and financial examination. Offering up-to-date insights into financial knowledge and strategies for fraud detection can also be an effective step.

The Influence of the External Auditor's Critical Thinking Skills on the Report's Quality

The main aim of this study was to determine a relationship between the critical thinking skills of auditors and the caliber of their reports. The objective was to improve the auditors' expertise in this cognitive field, evaluate its effect on their professional competence, and analyze its influence on their capacity to express opinions. A descriptive-analytical technique was utilized to accomplish the study's goals. The research hypotheses were evaluated using simple linear regression analysis, precisely the least squares method. This goal was achieved using the SPSS v.26 program. To meet the research inquiries, the researchers developed a questionnaire with two dimensions to collect data. The core framework for the analytical thinking of an external auditor comprises four key aspects: inductive reasoning, deductive reasoning, exploratory thinking, and problem-solving thinking. The study sample comprised 205 individuals, including 113 auditors from the Federal Board of Financial Supervision and 92 auditors from auditing offices and enterprises in Iraq. The study's findings suggest a positive association between the independent variable, critical thinking skill, and the dependent variable, the quality of the report. This is because most auditors in the Board of Financial Supervision affirm that auditors from the federal and audit offices demonstrate curiosity and apply professional skepticism at every stage of the audit process. This exemplifies their aptitude for employing inductive reasoning and constructing. Nevertheless, they can produce inventive concepts that efficiently tackle work-related difficulties. Furthermore, the task of identifying appropriate solutions is complex, often necessitating the use of electronic programs to tackle challenges faced during the auditing of electronic systems effectively. The respondents agreed that the auditor's proficiency in critical thinking will improve the quality of the report he produces.

The Influence of Analytical Intelligence on the Internal Auditor's Skill to Evaluate Risks.: Evidence from Iraq

The study aims to improve the reality of internal auditing in Iraq by employing analytical intelligence after determining its impact and its relationship to the internal auditor's ability to assess risks and to include this evaluation in the auditor's report, which must be of a high level of skill to achieve the highest level of professionalism and stay abreast of developments in the profession. Review through the application of international auditing standards, and to achieve the objectives of the study, a questionnaire was used, 240 of which were distributed to a sample of internal auditors, and 220 of which were returned for analysis to measure the correlation and influence relationship between the variables of the study, and it was determined that successful intelligence has an apparent effect and relationship. Positive in enhancing the ability of internal auditors to assess risks, as the value of the correlation between the first independent dimension (analytical intelligence) and the power of the internal auditor to assess risks reached 0.275, which is a positive value with significant significance at the 5% level, and that analytical intelligence influences positively and significantly at the 5% level in the internal auditor's ability to assess risks by 0.18 if the internal auditor has a high level of analytical intelligence.
 

Competence and Motivation (Auditor) on Audit Quality

Assessing the efficiency of financial supervision in local government is contingent upon the crucial factor of audit quality. The significance of audit quality to information consumers lies in its capacity to serve as a fundamental framework for decision-making. Numerous aspects exert influence in pursuing enhancing and attaining commendable audit quality, encompassing competence and enthusiasm. The objective of this study is to examine the impact of auditor competency and auditor motivation on the quality of audits conducted by the Cirebon Regency Inspectorate Office. The present study was conducted at the Cirebon district's Inspectorate office. The investigation utilized a sample size of 50 auditors. The purposive sampling technique chose the participants for this study. The investigation employed the analytical technique of descriptive statistics. The data underwent statistical analysis using SPSS version 25, employing multiple linear regression tests and hypothesis testing. Before doing the multiple linear regression analysis, it is customary to perform the classical assumption test, which involves assessing the validity and reliability of the data. The study's findings indicate that the level of auditor skill has a notable and favorable impact on the quality of audits. The motivation of auditors has been found to have a notable positive impact on the quality of audits.

The Effect Of Work Experience, Profesionalism And Remote Audit On Audit Quality

Audit results are said to be of high quality if they have implemented several criteria including auditing standards and quality control standar. Audit quality is influenced by several factors including auditor work experience, auditor professionalism and audit process. Auditor work experience is an impotant thing for auditors because without high experience an auditor will be less effective in carrying out their duties and it will be difficult to adapt to their circumstances and situations that will be faced. The longer of the working hours and experience of the audtor give a better audit quality. Experinced auditors are more skilled and competent in their work. Professionalism is needed by an auditor to determine audit quality. To support professionalism, the auditor is carrying out his audit duties must guided by the audit standars set by the Indonesian Institue of Certified Public Accountants. Auditors with high professionalism will carry out audits appropriately and complete each stage of the audit process completely, taking into account inadequate audit evidence found during the audit process to produce a good audit quality. Due to social distancing, the audit process during the Covid-19 pandemic was carried out remotely by using information and communication technology. This audit process called a remote audit process or remote audit. The remote audit process allows auditors to work remotely which meands increasing efficiency and scope and maintining audit quality. However there are still obstacles in the use of remote auditing, including auditor skills and the absence of laws governing in the use of information technology in auditing. The purpose of this study was to determine the effect of work experince, professionalism, and remote audit on audit quality at Public Accounting Firm in DKI Jakarta. The sample is 100 auditors. Data analysis using Least Square/PLS Partial Analysis. The result of this research is that work experience and professionalism have an effect of audit quality. But remote audit has no effect on audit quality. There is a significant positive effect between work experience and professionalsm with audit quality.

Analisis Pengaruh Penyelesaian Tindak Lanjut Rekomendasi Hasil Pemeriksaan BPK pada Pemerintah Kabupaten dan Kota di Pulau Kalimantan

The purpose of this study was to identify and analyze the Factors Affecting the Level of Completion of Follow-Up Recommendations on the Examination Results of the Supreme Audit Agency at the Regency and City Governments on the Island of Kalimantan. This type of research is correlational or finding out the relationship and level of relationship between variables without any attempt to influence these variables. The sampling technique used is purpose sampling.The data analysis method used by the author in this study uses multiple linear regression analysis techniques.The results of this study indicate that there is a significant influence of the auditor's skill factor, the type of local government, dependence on the central government, the term of office of the regional head, DPRD supervision and APIP capability simultaneously on the follow-up to the results of audit recommendations at the Supreme Audit Board of the Regency and City Governments on the island of Kalimantan. . There is a significant effect of the auditor's skill factor, the type of regional government, dependence on the central government and APIP capability partially on the follow-up to the results of the audit recommendations, while the factor of the position of the regional head and DPRD supervision has no partial significant effect on the follow-up to the results of the audit recommendations at the Supreme Audit Agency. to the Regency and City Governments on the island of Kalimantan. APIP capability has a dominant effect on there is no partial significant effect on the follow-up to the results of audit recommendations at the Supreme Audit Agency in Regency and City Governments on the island of Kalimantan.

Walking the Talk? Managing Errors in the Audit Profession*

ABSTRACTErrors reflect unintended deviations from plans or goals and commonly carry negative connotations. Although errors cannot be eliminated, they offer opportunities for learning and innovation. Audit firms employ powerful mechanisms, such as review processes, to prevent or detect audit errors and safeguard their work in the public interest. At the same time, the profession recognizes positive long‐term outcomes of errors in terms of continuous learning to enhance auditor skills and, ultimately, audit quality. The current study employs semistructured interviews with Dutch auditors to investigate how they manage the tensions emanating from extant public and regulatory demands for flawless audits while embracing errors as opportunities for learning. Our findings reveal that auditors express a positive attitude toward openly communicating audit errors, but, in substance, they espouse negative emotions and defensive strategies for fear of repercussions. We argue that the excessive emphasis audit firms and oversight bodies place on error prevention conditions auditors into perceiving errors as negative and avoidable events. We assert these attitudes result from the profession's efforts to maintain status and legitimacy in the eyes of the public and the regulator, where any auditor error may shed doubt on auditors' work in the public interest. In sum, our findings indicate that viewing errors as incompatible with audit work makes the profession susceptible not only to repeating errors but also to missing out on opportunities to improve services and to achieve innovation.

Analysis of Factors That Influence The Need for E-Commerce Audit Services

This study aims to determine how the influence of E-Commerce-business Development, Accounting Information Technology Systems and Auditor Skills on the Need for E-Commerce Audit Services at Public Accounting Firms in South Jakarta, both partially and simultaneously. This study uses a population of all external auditors working at the Public Accounting Firm in South Jakarta. Sampling uses simple random sampling technique, so that the samples used in this study were 59 external auditors from 6 public accounting firms in South Jakarta. The data used are primary data in the form of questionnaires which are distributed directly to respondents. Data analysis methods used in this study are multiple linear regression analysis, descriptive statistical tests and the classic assumption test. The partial test results show that the development of e-commerce-business does not positively influence the need for e-commerce audit services while the accounting information technology system and auditor expertise positively influence the need for e-commerce audit services. Meanwhile, simultaneous test results showed that the-business development of e-commerce, accounting and information technology systems auditor expertise together - the same effect on the need for audit services e-commerce.

Auditor Skill, Work Experience and Professional Skepticism on Performance of Auditors

Auditor is an accounting profession that is expected to be able to produce audit report products that can be accepted by both internal and external companies. The audit report must be existence and accuracy, completeness, rights and obligations, valuation or allocation, presentation and disclosure. To achieve this, several measuring tools are needed on how to determine the level of good auditor performance. The performance of professional auditors and having performance and broad insight will produce report products that can be accounted for and have reliable financial report functions and information. The research method used in this research is to use literature review, a systematic, explicit and reproducible method to identify, evaluate and synthesize research works and ideas that have been produced by researchers and practitioners. The results of this study can be concluded that good governance, audit structure, role conflict, role ambiguity, understanding of good governance, task complexity, have no effect on auditor performance. While organizational commitment, leadership style, professional training, competence, Locus of Control, and Auditor Integrity affect the performance of the auditor. For professional skepticism and audit knowledge, it turns out to have a positive and significant influence on the indications of regional loss findings.

The role of the Internal Audit Charter in Reducing Cases of Financial and Administrative Corruption for Iraqi Economic Units

The phenomenon of corruption is not new, but the volume of corruption that has led many international companies in general and Iraqi economics Units in particular, to the abyss must be taken into account to reduce it. Many international organizations have addressed this phenomenon for instance; (Gray) has defined corruption in general as the abuse of power available to achieve personal returns and profits or to a group of people, who are among them. many Iraqi economics units Suffer from much managerial and financial corruption, because of the weak internal auditing and the weak role of monitoring and control units for the administration's functions. The study offers a proposed model to implement the strategy of description functions. The internal audit charter provides a legal support for the department's work through identifying the objectives of the internal audit function, independence, granted authority and the responsibilities assigned it by determining the scope of work, as well as determining the professional standards followed and types of reports issued by them.In order to impede the fraud and corruption, the study recommends using this charter in order to draw up of strategic and tactical plans to acquire and provide infrastructure, as well as the preparation and evaluation of skills of auditors that help to create an ideal environment which contributes to ending of corruption cases.

Auditor Skill In The Big Data Era Review From Literature Study

This study aims to identify the skills needed by accountants in the significant data era. This survey is a type of qualitative survey using library survey data collection technology. The data analysis method that the researcher uses to answer the questions posed in the problem formulation is a descriptive method that uses the collected data to describe the problem. This research is conducted by researching and understanding journals, articles, documents, or other documented sources that are relevant and support the research question. Use of Big Data Analytical Skills, Critical Thinking, Effective Communication, Excellence, Business Understanding Ability, Data Management, and Shaping Ability, Computer Aided Auditing Techniques (CAAT) Ability, Honesty, Politeness, and Empathy. Reference al Hujran, O., & Al-Debei, M. M. (n.d.). Opportunities and Challenges with Digital Transformation and the Use of Audit Support Systems, Big Data and Data Analytics. https://www.researchgate.net/publication/281973148 Catherine Chiang, C., Agnew, K. S., Korol, K., & PricewaterhouseCoopers, C. (2021). Knowledge And Skills Essential For Auditors In The Age Of Big Data-The Early Evidence From A Survey. In The International Journal of Organizational Innovation (Vol. 13). https://www.ijoi-online.org/ Cristea, L. M. (2021). Romanian auditors’ perception concerning the IT impact in the big data era. Public Finance Quarterly, 66, 68–82. https://doi.org/10.35551/PFQ_2021_S_1_4 Deniswara, K., Handoko, B. L., & Mulyawan, A. N. (2020). Big data analytics: Literature study on how big data works towards accountant millennial generation. International Journal of Management, 11(5), 376–389. https://doi.org/10.34218/IJM.11.5.2020.037 Earley, C. E. (2015). Data analytics in auditing: Opportunities and challenges. Business Horizons, 58(5), 493–500. https://doi.org/10.1016/j.bushor.2015.05.002 Kang, M., & Ampornstira, F. (2021). Research on Data Analysis of Chinese Public Accounting Firms in the Big Data Era. Open Journal of Accounting, 10(01), 1–8. https://doi.org/10.4236/ojacct.2021.101001 Kend, M., & Nguyen, L. A. (2020). Big Data Analytics and Other Emerging Technologies: The Impact on the Australian Audit and Assurance Profession. Australian Accounting Review, 30(4), 269–282. https://doi.org/10.1111/auar.12305 Liu, C., & Wang, Y. (n.d.). Identification and Prevention of CPA Audit Risk in Big Data Era. Academic Journal of Humanities & Social Sciences, 3, 78–87. https://doi.org/10.25236/AJHSS.2020.030510 Nabawi, M., & Nemr, A.-M. (n.d.). The Effect of Cloud Technology and Big Data on the Efficiency and Effectiveness of External Auditing Using the Grounded Theory. Omitogun, A., & Al-Adeem, K. (2019). Auditors’ Perceptions of and Competencies in Big Data and Data Analytics: An Empirical Investigation. In International Journal of Computer Auditing (Vol. 1, Issue 1). http://www.saudiarabia.doingbusinessguide.co.uk/the-guide/opportunities-in-saudi-arabia Qiao, G. (2020). Application Research of Big Data Technology in Audit Field. Theoretical Economics Letters, 10(05), 1093–1102. https://doi.org/10.4236/tel.2020.105064 Sumarna, A. D. (2020). Akuntan Dalam Industri 4.0: Studi Kasus Kantor Jasa Akuntan (Kja) Di Wilayah Kepulauan Riau. KRISNA: Kumpulan Riset Akuntansi, 11(2), 100–109. https://doi.org/10.22225/kr.11.2.1255.100-109 Taufiq Hidayat, R., Khabibi, A., & Keuangan Negara STAN, P. (2020). The Big Data Era: What are the Implications for the World of Accounting? In Majalah Ilmiah Bijak (Vol. 17, Issue 2). http://ojs.stiami.ac.id

The super‐auditor, perpetual beta and pervasive performativity

The paper advocates a ‘super‐audit’ that assesses the company's future and what that says about the share price or another valuation. Most audit ‘failures’ relate to an assessment of the future whether that be going concern issues, impairments, long‐term contracts, provisions, likely changes in the business environment and so forth. The paper suggests a focus on improving the auditor's skills in assessing the future and the leverage of such skills to look at market value added and the share price as a service to the investment community and those who rely on share prices being fair and reasonable. The super‐audit report becomes akin to an investment analyst's research report and intended to be an influence on share prices. Many companies around the world currently receive little, or no, or low‐quality research coverage. Inevitably many unanswered questions remain for the super‐audit about appointment, remuneration, timings, legal liability, professional education and so forth. They are challenging but not insurmountable and make us think more deeply about the same challenges in relation to the conventional audit. The biggest challenge is how the auditor should progress the process of understanding the business and its future.

CURRENT REALITIES AND PROSPECTS OF AUDITING ACTIVITIES IN THE CONDITIONS OF EUROPEAN INTEGRATION PROCESSES

In modern conditions the issue of forming reliable and qualitative information about financial and economic activities of business entities acquires particular importance. Constant changes in the system of bookkeeping and tax accounting lead to significant errors, which in turn increases the place and role of the guarantor of the reliability of financial reporting indicators – audit. This is one of the most important types of services, which is becoming more and more relevant. In the article the authors analyzed the situation in the market of audit services in the dynamics for 2016-2020. It has been proved that the current state of the market of audit services is, first of all, expansion of the range of services; growth of professional competence and practical skills of auditors. It was substantiated that the market of audit services in general is significantly affected by significant changes taking place in Ukraine. The demand for audit services is dictated by the conditions of the business environment: macroeconomic processes (related, for example, to the integration of the country into the world market), government actions and legislation, the intentions of owners, consumer behavior. A set of measures to improve auditing activities in the country is proposed. The path of European integration chosen by the country requires harmonization of domestic legislation in the field of auditing activities with the conceptual framework of international standards. According to the authors, firstly, it is advisable to create public control over the work of audit firms that conduct audits of enterprises of public interest. Secondly, it is necessary to create an advisory body of public control and to separate its functions from the Accounting Chamber of Ukraine. Audit activity in Ukraine in the context of European integration processes certainly needs further discussions and comparisons, which, as a result, will certainly accelerate the harmonization of auditors' activities with European norms and standards. For the foreseeable future, it is necessary to look for appropriate ways and activities that would facilitate a flawless audit of financial statements.

Forensic auditing mechanism and fraud detection: the case of Nigerian public sector

PurposeThis study investigates the perception of professionals in the field of accounting, and those associated with forensic auditing, about the knowledge and skills, experience and technique that a forensic auditor should possess to provide high-quality services in fraud detection. The study also shows the impact of forensic auditing tools on fraud detection.Design/methodology/approachWith the use of a self-administered questionnaire, the study adopts a survey design in which 298 respondents participated. Data were subjected to descriptive statistics (ranking, mean and standard deviation), inferential statistics (binary logistic regression and ordinary least square regression).FindingsThe findings indicate that adequate knowledge of economic damage calculation and financial statement valuation is essential for forensic auditors' service. The results also reveal that forensic auditor skills and techniques is a significant predictor for fraud detection in the Nigerian public sector.Practical implicationsThe paper draws attention of the federal government parastatals to the need to improve their internal control system to reduce the fraudulent practices in their parastatal. The study also draws the attention of the Nigeria University Commission and the Institute of Chartered Accountants of Nigeria on the needs for revision of the accounting curricular for the training of accounting graduates and professional accountants in Nigeria.Social implicationsThe paper is of importance to other developing nation as it provides empirical evidence on the needs to do periodic forensic audits of government corporations.Originality/valueWith the persistent increase in the number of fraudulent cases, current views of those associated with forensic auditing (judiciaries, parastatals, forensic auditors and academics) on mechanisms for timely detection of fraud are needed.

Основные направления государственной политики реформирования аудиторской деятельности в России

The article considers the main provisions of the Concept of Development of audit Activity in the Russian Federation until 2024, analyzes the measures for their implementation, including improving the system of legal regulation of audit activity, developing the market of audit services, improving the skills of auditors, and others.