This research is carried out in order to examine auditor scepticism with respect to Nigerian financial crises. The study employed survey research method based on threats to professional scepticism at different structural levels as identified by [14]. The primary data was supplied by 270 respondents who are professional accountants and bankers in Akwa Ibom State, Nigeria. The study utilized principal component factor analysis to identify the component factors in the twenty item questionnaire. Correlation, Kaiser-Meyer-Olkin (KMO) and Bartlett’s test of sphericity was performed to assess the factorability of the data. The tests revealed among others; that factors of professional scepticism responsible for financial crises in Nigeria can be first traced to engagement team lapses, followed by individual auditor lapses and then profession/audit firm lapses. The study recommends that effort should be made by audit engagement team leaders in order to set a clear direction of audit work. They should also employ adequate audit planning, supervision and good time management skills.
| Published in | Journal of Finance and Accounting (Volume 5, Issue 4) |
| DOI | 10.11648/j.jfa.20170504.11 |
| Page(s) | 123-130 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2017. Published by Science Publishing Group |
Auditor, Scepticism, Financial Crises, Nigeria
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APA Style
Umoren Adebimpe Otu, Asogwa Ikenna Elias. (2017). Auditor Scepticism and Financial Crises: The Nigerian Factor. Journal of Finance and Accounting, 5(4), 123-130. https://doi.org/10.11648/j.jfa.20170504.11
ACS Style
Umoren Adebimpe Otu; Asogwa Ikenna Elias. Auditor Scepticism and Financial Crises: The Nigerian Factor. J. Finance Account. 2017, 5(4), 123-130. doi: 10.11648/j.jfa.20170504.11
AMA Style
Umoren Adebimpe Otu, Asogwa Ikenna Elias. Auditor Scepticism and Financial Crises: The Nigerian Factor. J Finance Account. 2017;5(4):123-130. doi: 10.11648/j.jfa.20170504.11
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Download@article{10.11648/j.jfa.20170504.11,
author = {Umoren Adebimpe Otu and Asogwa Ikenna Elias},
title = {Auditor Scepticism and Financial Crises: The Nigerian Factor},
journal = {Journal of Finance and Accounting},
volume = {5},
number = {4},
pages = {123-130},
doi = {10.11648/j.jfa.20170504.11},
url = {https://doi.org/10.11648/j.jfa.20170504.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170504.11},
abstract = {This research is carried out in order to examine auditor scepticism with respect to Nigerian financial crises. The study employed survey research method based on threats to professional scepticism at different structural levels as identified by [14]. The primary data was supplied by 270 respondents who are professional accountants and bankers in Akwa Ibom State, Nigeria. The study utilized principal component factor analysis to identify the component factors in the twenty item questionnaire. Correlation, Kaiser-Meyer-Olkin (KMO) and Bartlett’s test of sphericity was performed to assess the factorability of the data. The tests revealed among others; that factors of professional scepticism responsible for financial crises in Nigeria can be first traced to engagement team lapses, followed by individual auditor lapses and then profession/audit firm lapses. The study recommends that effort should be made by audit engagement team leaders in order to set a clear direction of audit work. They should also employ adequate audit planning, supervision and good time management skills.},
year = {2017}
}
TY - JOUR T1 - Auditor Scepticism and Financial Crises: The Nigerian Factor AU - Umoren Adebimpe Otu AU - Asogwa Ikenna Elias Y1 - 2017/06/03 PY - 2017 N1 - https://doi.org/10.11648/j.jfa.20170504.11 DO - 10.11648/j.jfa.20170504.11 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 123 EP - 130 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20170504.11 AB - This research is carried out in order to examine auditor scepticism with respect to Nigerian financial crises. The study employed survey research method based on threats to professional scepticism at different structural levels as identified by [14]. The primary data was supplied by 270 respondents who are professional accountants and bankers in Akwa Ibom State, Nigeria. The study utilized principal component factor analysis to identify the component factors in the twenty item questionnaire. Correlation, Kaiser-Meyer-Olkin (KMO) and Bartlett’s test of sphericity was performed to assess the factorability of the data. The tests revealed among others; that factors of professional scepticism responsible for financial crises in Nigeria can be first traced to engagement team lapses, followed by individual auditor lapses and then profession/audit firm lapses. The study recommends that effort should be made by audit engagement team leaders in order to set a clear direction of audit work. They should also employ adequate audit planning, supervision and good time management skills. VL - 5 IS - 4 ER -
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