Audit Expectation Gap and Fraud Detection in Nigeria: The Public Servants' Perception

Abstract

The audit function of fraud detection has been a key issue in audit expectation gap for decades now as users' of financial statements demand more in terms of disclosure requirement and reporting of fraud incidences in organization. The aim of this research is to investigate whether there is significant difference in perception among public servants about fraud detection and expectation gap. This is an descriptive research, the study used questionnaire to collate primary data while purposive sampling technique was use to select sample from a finite population. Chi-Square test was used as statistical tool to measure the responses of respondents used as our sample size. The findings of the study indicate that there is no significant difference in opinion regarding issue of fraud detection and audit expectation among public servants. The study concluded that the lack of significant difference in perceptions of public Servants might not be unconnected with the statutory nature of regulatory audit being carried out in the public sector of which most respondents have knowledge of the objective of such audits.