Kashere Journal of Management Sciences

EXPLORING THE APPLICABILITY OF FORENSIC AUDITING TECHNIQUES IN THE DETECTION OF TAX EVASION IN FIRS HEAD QUARTER ABUJA

2025-09-22T09:48:30+00:00

This research examined the use of forensic auditing methods for detecting tax evasion at the Federal Inland Revenue Service (FIRS) headquarters in Abuja. The research evaluated forensic auditing methods including ratio analysis, data mining and data analytics to determine their individual impact on detecting fraudulent tax activities. The assessment evaluated these techniques based on their individual impact on tax evasion detection rate, ability to uncover unreported income and their effect on taxpayer compliance respectively. The study employed a descriptive survey method to obtain data directly from FIRS personnel through a standardized questionnaire. The research demonstrates that forensic auditing techniques especially data mining prove effective for tax evasion detection at FIRS Headquarters in Abuja. Data analytics had a significant effect on taxpayer’s compliance. The study used ratio analysis as a forensic auditing tool however it does not have a statistically significant effect on the detection of tax evasion. Overall, the study discloses that FIRS is ready to employ forensic auditing techniques. This research indicates that forensic methods particularly data mining and data analytics when applied practically will boost compliance and decrease revenue losses.

EFFECT OF FISCAL DISCIPLINE ON PUBLIC EXPENDITURE ALLOCATION: EMPIRICAL EVIDENCE FROM KOGI STATE, NIGERIA

2025-09-29T22:23:02+00:00

This study provides an empirical investigation into the relationship between fiscal discipline and the allocation of public expenditure in Kogi State, Nigeria, during the period 2007-2017. Against a backdrop of widespread fiscal mismanagement and poor human development outcomes in many Nigerian states, this research quantifies how key fiscal variables (specifically the fiscal deficit, internally generated revenue (IGR), and federal allocations) influence capital expenditures directed towards social sectors. Utilizing secondary data sourced from the Kogi State Annual Reports and the Office of the Auditor-General, an Ordinary Least Squares (OLS) regression model was employed for analysis. The results demonstrate a statistically significant negative impact of fiscal deficits on capital expenditure allocations, indicating that deficit financing crowds out public investment. Conversely, both IGR and federal allocations exhibited positive and significant effects, though the latter underscores a dependency on external funds. The study concludes that entrenched fiscal indiscipline, characterized by persistent deficits, is a primary constraint on Kogi State’s ability to fund human development initiatives transparently and accountably. We recommend the stringent enforcement of fiscal responsibility legislation, a deliberate strategy for IGR diversification beyond the oil sector, and the institutionalization of robust public access to information protocols to ensure the accountable use of all public funds.

AUDITORS’ ROLE IN FINANCIAL STATEMENT FRAUD PREVENTION AND REPORTING QUALITY IN NIGERIAN NOT FOR-PROFIT ORGANIZATIONS: EVIDENCE FROM NATIONAL AGENCY FOR THE CONTROL OF AIDS (NACA)

2025-09-22T10:13:58+00:00

This study investigates the role of auditors in financial Statement fraud prevention in not for
profit organization in Nigeria: by taking audit assertions and evidence to enhance financial
reporting quality , using the National Agency for the Control of AIDS (NACA) as a case study.
The research examined how auditors’ compliance with international audit standards, audit
planning and execution, and risk assessment/internal control systems influence three key
dimensions of financial reporting quality: relevance, faithful representation, and
comparability. The study adopted a descriptive survey design and employed a purposive
sampling technique to gather data from 70 audit and finance professionals affiliated with
NACA. A structured questionnaire was used to collect primary data, which was analyzed using
SPSS for reliability testing and E-Views for regression analysis. The Ordinary Least Squares
(OLS) results revealed that each auditor role had a statistically significant positive effect on its
corresponding reporting quality dimension. Specifically, compliance with audit standards
enhanced relevance, audit planning improved faithful representation, and risk assessment
strengthened comparability. The findings underscore the strategic importance of auditors not
only in preventing fraud but also in promoting the credibility and usefulness of financial
information in non- profit organizations by taking audit assertions and evidence to enhance
financial reporting quality. The study contributes to literature by contextualizing audit
practices within a donor-funded Nigerian agency, and it recommends stronger adherence to
international standards, risk-based audit approaches, and capacity development for non -profit
organisation focused auditors.

IMPACT OF AUDIT QUALITY ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

2025-09-25T09:56:27+00:00

This study investigated the relationship between audit quality and financial performance of listed consumer goods companies in Nigeria by examining the effects of audit firm size, audit committee size, and auditor tenure on financial performance. An ex-post facto research design was used, relying on secondary data obtained from the annual reports of nine consumer goods firms listed on the Nigerian Exchange Group from 2015 to 2024. Panel regression analysis was conducted to evaluate the relationships between audit quality factors and financial performance, measured as net profit margin. The findings showed that audit firm size and auditor tenure have a significant positive and negative effect, respectively, on firms’ profitability, while audit committee size showed a negative but insignificant effect on firms profitability. This study recommends that consumer goods companies employ the services of reputable audit firms, such as the Big 4, to enhance audit quality and financial reporting reliability.