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Account and Financial Management Journal
Article . 2025 . Peer-reviewed
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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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Effect of Auditors’ Years of Experience on Financial Statements’ Fraud Reduction in Public Nigerian Business Enterprises

Authors: Akomolafe, Johnson Adewale; Oyedokun, Godwin Emmanuel; Adu,, Cecilia A;

Effect of Auditors’ Years of Experience on Financial Statements’ Fraud Reduction in Public Nigerian Business Enterprises

Abstract

This study investigates the effect of auditors’ years of experience on financial statements’ fraud reduction in public Nigerian business enterprises. Anchored on the white-collar crime theory, and fraud diamond theory, it aims to determine how auditors’ years of experience influence their effectiveness in minimizing financial statement fraud. Employing a quantitative research design, the study collected primary data through a self-constructed 52-item questionnaire administered to 576 purposively selected respondents accounting and finance staff from six major Nigerian public enterprises, including NNPC, NPA, PHCN, NRC, NIPOST, and FAAN. Data were analyzed using both descriptive and inferential statistical methods. Findings revealed that auditors’ tenure and industry specialization significantly reduce the incidence of financial statement fraud, suggesting that accumulated experience and professional competence enhance fraud detection and prevention. The study concludes that while auditors’ experience plays a vital role in detecting and deterring fraud, these must be reinforced through strong ethical standards and institutional support. The study recommends that auditors be encouraged to pursue postgraduate education, professional certifications, and continuous development programs to strengthen their analytical and ethical capacities, thereby promoting credibility and integrity in financial reporting within Nigeria’s public enterprises.

Keywords

Auditors, Business enterprises, Financial statement, Fraud reduction, Public sector

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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