The Role and Responsibility of Auditors in Prevention and Detection of Fraudulent Financial Reporting

Žager, Lajoš; Mališ, Sanja Sever; Novak, Ana

doi:10.1016/s2212-5671(16)30291-x

Cited by 33 publications

(30 citation statements)

References 4 publications

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“…Fraudulent financial statements are illegal acts that make financial statements inappropriate. Inappropriate disclosures such as companies that overstate their assets and report debts or expenses lower than their supposed value (understates) (Zager, Malis, & Novak, 2016); Samsulubis et al, 2018). A company usually does this immoral act to maintain its right name so that it continues to be visible on the axis of its financial success.…”

Section: Introductionmentioning

confidence: 99%

Auditor Switching, Financial Distress, and Financial Statement Fraud Practices with Audit Report Lag as Intervening Variable

Widharma

Susilowati

2020

jasf

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This research aims to examine Auditor Switching and Financial Distress's effect on the possibility of Financial Statement Fraud occurrence, which is proxied by using the F-Score formula, and Audit Report Lag Intervening variable. This study's subjects are companies engaged in manufacturing and listed on the Indonesia Stock Exchange (IDX) with a research period in 2014-2018. The sample in this study used a non-probabilistic purposive sampling technique with a total of 27 manufacturing companies. The analysis technique in this study uses Partial Least Square (PLS) with smart PLS 3.0 tools. Results indicate that financial distress and audit report lag directly affect Financial Statement fraud. Auditor report lag as an intervening variable does not influence the relationship between auditor switching, financial distress, and Financial Statement fraud. These results imply that investors must be more careful in investing in the company with a lag in their audit reports. It is also suggested that management must continue to be cautious with the opportunity to do fraud in the financial statement.

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Section: Introductionmentioning

confidence: 99%

Auditor Switching, Financial Distress, and Financial Statement Fraud Practices with Audit Report Lag as Intervening Variable

Widharma

Susilowati

2020

jasf

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“…Pada survey yang dilakukan oleh The PwC's 2014 Global Economic Crime Survey yang melakukan survey kepada 5.000 responden, sebanyak 22% responden menyeampaikan mengalami kecurangan akuntansi. Dan dari responden yang mengalami kecurangan sebanyak 69% kasus karena penyalahgunaan aset serta domain laporan kecurangan auditor internal sebanyak 56% dan auditor external 40% (Zager, Malis, & Novak, 2016) Perguruan Tinggi di Indonesia memiliki peran yang strategis dalam pengembangan pendidikan di sebuah negara khususnya Indonesia. Selain fungsi sebagai pengembangan pendidikan Perguruan Tinggi juga memiliki fungsi Ekonomi.…”

Section: Pendahuluanunclassified

Efektivitas Sistem Pengendalian Internal dalam Pendeteksian dan Pencegahan Fraud di Lingkungan Perguruan Tinggi

Negara

2019

Kajian Ekonomi dan Bisnis

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The purpose of this study is to reveal potential fraud symptoms occurred in the university environment and the role of internal auditors in detecting and preventing fraud. This research was conducted with a qualitative approach. Source data used are primary data. Determination the source of the data in a qualitative study using purposive sampling. Respondents in this study consisted of a team of Quality Assurance Agency and a Lecturer who once served as an internal auditor in the Quality Assurance Agency. The results showed at University many internal auditor conduct examine final report. Regulation of Minister Research, Technology and Universtiy Indonesia and the other regulation expected every University able to detect and reduce and prevent fraud. develop an effective internal Control System so as to prevent fraud. Prevention will be effective if the Rectoras the leader of University have Operational Prosedur Standar is done carefully.

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“…Various scandals, confidence in the dependability and the objectivity of the financial statements of involved parties that has been significantly reduced are the reasons of fraud occurrence (Zager, Malis, & Novak, 2016). Educational system play major role in creating, interpreting and strengthen social values through knowledge delivered to the students because students represent the upcoming manpower potential of any country (Efiong, 2012).…”

Section: Awareness Among Accounting Studentsmentioning

confidence: 99%

Accounting Students’ Awareness TowardsFraud Prevention: A Case Of Government-Linked University

Azman¹

2018

The European Proceedings of Social and Behavioural Sciences

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This study is aim to evaluate the awareness of accounting students towards fraud prevention. This research examines the relationship between i) the student's ethical perceptions, ii) internalization of objectivity and iii) internalization of professional responsibility with accounting students awareness towards fraud prevention. This study was conducted in one of Government-Linked University, University Tenaga Nasional, Sultan Haji Ahmad Shah Campus (UNITEN KSHAS). The total number of population is 944 students, hence the sample of 285 accounting students are selected to test the objective of the study. Accounting students were selected as the sample because of they are more likely to work in accounting profession which requires them to be aware of this fraud issue. This study was conducted by using primary data by using questionnaires that adopted from Istiningrum (2014). The research employed descriptive analysis, normality test, reliability test and correlation analysis. Based on the findings, it is show that students' ethical perception, internalization of objectivity, and internalization of professional responsibility have positive significant influence towards the awareness of fraud prevention among accounting students.For the future research, it is highly recommended to be conducted in various types of universities as the result might be more appropriate to make the conclusion. It is also recommended to do research by using interview as it might be offer completely beneficial information from the respondents.

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The Role and Responsibility of Auditors in Prevention and Detection of Fraudulent Financial Reporting

Cited by 33 publications

References 4 publications

Auditor Switching, Financial Distress, and Financial Statement Fraud Practices with Audit Report Lag as Intervening Variable

Auditor Switching, Financial Distress, and Financial Statement Fraud Practices with Audit Report Lag as Intervening Variable

Efektivitas Sistem Pengendalian Internal dalam Pendeteksian dan Pencegahan Fraud di Lingkungan Perguruan Tinggi

Accounting Students’ Awareness TowardsFraud Prevention: A Case Of Government-Linked University

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