Table 2 provides the results of the questionnaire (Appendix 1) indicating the descriptive statistics of each item computed from the responses to the items.
As can be seen from the table, “forensic accounting enhances the quality of financial reporting” has a mean and standard deviation response of 4.6 and 0.89, “Accountants/auditors with forensic accounting skills will deliver more quality financial reporting” (4.32 and 0.62), “Forensic investigations deals directly with fraud investigation and this reduces financial reporting “expectations gap” (4.56 and 0.50). The means of the responses all suggest strong agreement amongst respondents on the importance of forensic accounting in improving financial reporting quality.
We observe that responses to item 6 had the highest
deviation (0.89) amongst respondents which indicates that the preferences for what constitutes and hence should
result in financial reporting quality may vary considerably amongst different stakeholders. Item 8 evinced the
lowest variation amongst responses, indicating a greater consensus of opinion.