Fraud Detection and Forensic Accounting

Özkul, Fatma Ulucan; Pamukçu, Ayşe

doi:10.1007/978-3-642-20826-3_2

Cited by 44 publications

(23 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The particular design of our pilot survey questionnaire is predicated on the findings of earlier studies we covered in our literature review that aimed to isolate the common factors underlying the decisionmaking process under each of the three fraud triangle vertices (e.g. Rae and Subramaniam, 2008;Özkul and Pamukçu, 2012;Dellaportas, 2013). However, it is important to note that our pilot study design is a simplified version of a more broad-based future survey.…”

Section: Determining the Drivers Of Occupational Fraud -An Empirical mentioning

confidence: 99%

Employee perceptions of organization culture with respect to fraud – where to look and what to look for

Kumar

Bhattacharya

Hicks

2018

PAR

View full text Add to dashboard Cite

Purpose Recent research has confirmed an underlying economic logic that connects each of the three vertices of the “fraud triangle” – a fundamental criminological model of factors driving occupational fraud. It is postulated that in the presence of economic motivation and opportunity (the first two vertices of the fraud triangle), the likelihood of an occupational fraud happening in an organization increases substantially if the overall organization culture is perceived as being slack toward fraud as it helps potential fraudsters in rationalizing their actions (rationalization being the third vertex of the fraud triangle). This paper aims to offer a viable approach for collecting and processing of data to identify and operationalize the key factors underlying employee perception of organization culture toward occupational frauds. Design/methodology/approach This paper reports and analyses the results of a pilot study conducted using a convenience sampling approach to identify and operationalize the key factors underlying employee perception of organization culture with respect to occupational frauds. Given a very small sample size, a numerical testing technique based on the binomial distribution has been applied to test for significance of the proportion of respondents who agree that a lenient organizational culture toward fraud can create a rationalization for fraud. Findings The null hypothesis assumed no difference in the population proportions between those who agree and those who disagree with the view that a lenient organizational culture toward fraud can create a rationalization for fraud. Based on the results of the numerical test, the null hypothesis is rejected in favor of the alternative that the population proportion of those who agree with the stated view in fact exceeded the proportion of those who disagreed. Research limitations/implications The obvious limitation is the very small size of the sample obtained because of an extremely low rate of response to the survey questionnaires. However, while of course a much bigger data set needs to be collected to develop a generalizable prediction model, the small sample was enough for the purpose of a pilot study. Practical implications This paper makes two distinct practical contributions. First, it posits a viable empirical research plan for identifying, collecting and processing the right data to identify and operationalize the key underlying factors that capture an employee’s perception of organizational culture toward fraud as a basis for rationalizing an act of fraud. Second, it demonstrates via a small-scale pilot study that a more broad-based survey can indeed prove to be extremely useful in collating the sort of data that is needed to develop a computational model for predicting the likelihood of occupational fraud in any organization. Originality/value This paper provides a viable framework which empirical researchers can follow to test some of the latest advances in the “fraud triangle” theory. It outlines a systematic and focused data collection method via a well-designed questionnaire that is effectively applicable to future surveys that are scaled up to collect data at a nationwide level.

show abstract

Section: Determining the Drivers Of Occupational Fraud -An Empirical mentioning

confidence: 99%

Employee perceptions of organization culture with respect to fraud – where to look and what to look for

Kumar

Bhattacharya

Hicks

2018

PAR

View full text Add to dashboard Cite

show abstract

“…Forensic Accounting emerged in response to the high incidence of frauds (Modudgu & Anyaduba, 2013; Ozkul & Pamukcul, 2012). Forensic Accountants are perceived to have the training and skills needed to fight these economic and financial cankers.…”

Section: Introductionmentioning

confidence: 99%

Forensic Accounting and the Combating of Economic and Financial Crimes in Ghana

Ocansey

2017

ESJ

View full text Add to dashboard Cite

Economic and financial crimes have plagued every corner of the economies of the world. These crimes affect all firms and the economies of nations (developed, developing and under-developed). Continuous research confirmed a strong demand for the need of the prevention and detection of these crimes by institutions and nations. However, economic and financial crimes are difficult to detect and most of those detected are not reported for the fear of bad publicity and loss of investor confidence. Forensic accountants are perceived to have the training and skills needed to combat economic and financial crimes. Therefore, the research examined the relevance of forensic accounting technique application in the combating of these crimes in Ghana. The research employed survey research design by sampling all the technical officers (66) of Economic and Organized Crime Office of Ghana and data was analyzed through a regression model. It was found that, the application of forensic accounting technique has significant impact on the combating of economic and financial crimes in Ghana. Therefore, all institutions (anti-corruption agencies and companies) should establish forensic accounting unit to help strengthen internal controls and ensure thorough investigation in order to prevent, deter and detect financial and economic crimes. Moreover, Institute of Chartered Accountants-Ghana and National Accreditation Board of Ghana should ensure that forensic accounting courses are included in the academic and professional curricula of Ghana Universities and professional institutions to ensure the training and increase the awareness of forensic accounting in Ghana.

show abstract

“…This profession identifies a field composed of accounting, auditing, and investigative skills (Ozkul and Pamukc, 2012). Forensic accounting is the specialty area of the accountancy profession which describes engagements that result from actual or anticipated disputes or litigation.…”

Section: Review Of Related Literaturementioning

confidence: 99%

Effect Of Forensic Accounting Services On Fraud Reduction In The Nigerian Banking Industry

Henry¹

2017

ASSRJ

View full text Add to dashboard Cite

The study dwelt on the effects of forensic accounting services on fraud reduction in the Nigerian banking industry. The specific objectives focused on effect of forensic accounting services on treasury and forex operation and effect of forensic accounting services on loan processing and cash management. To achieve these objectives, survey research method was adopted for the study while primary data were collected, questionnaire were administered. The correlation regression model was used to analyze the data. The study sought to find out to what level the forensic accounting services are able to fulfil this mandate and investigate problems that occur when forensic accounting services is not adopted in the operations of Nigerian banking industry. It established the role of forensic accounting accountant in banking operations. The internationally recognized procedures in detecting and investigating these fraud were discussed. The findings of the study revealed that forensic accounting services reduce fraud in banking industry. The implication of this is that pragmatic policy options needed to be taken on internal control system and effective management of core banking operations like cash management, treasury operation loan processing and FOREX transaction must be diligently guided and subjected to forensic accounting. It was also recommended that maximization of customer's interest should be major focus without contravention of regulations set out by Central Bank of Nigeria.

show abstract

Fraud Detection and Forensic Accounting

Cited by 44 publications

References 2 publications

Employee perceptions of organization culture with respect to fraud – where to look and what to look for

Employee perceptions of organization culture with respect to fraud – where to look and what to look for

Forensic Accounting and the Combating of Economic and Financial Crimes in Ghana

Effect Of Forensic Accounting Services On Fraud Reduction In The Nigerian Banking Industry

Contact Info

Product

Resources

About