The types, costs, prevention and detection of occupational fraud: The ACFE perspective
Occupational fraud and abuse are an enormous problem, imposing adverse effects and practically affecting every organization and all sectors of the economy.The estimated global cost of fraud according to ACFE accounted for $2.9, $3.5 and $3.7 trillion in 2010, 2012 and 2014 respectively. Three types...
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my.uum.repo.176052016-04-17T03:36:04Z http://repo.uum.edu.my/17605/ The types, costs, prevention and detection of occupational fraud: The ACFE perspective Umar, Ibrahim Samsudin, Rose Shamsiah Mohamed, Mudzamir HF5601 Accounting Occupational fraud and abuse are an enormous problem, imposing adverse effects and practically affecting every organization and all sectors of the economy.The estimated global cost of fraud according to ACFE accounted for $2.9, $3.5 and $3.7 trillion in 2010, 2012 and 2014 respectively. Three types of schemes have been identified by the Association of Certified Fraud Examiners (ACFE) in their various reports to the nation.The aim of this review is to depict the type, cost, and fraud control mechanisms. Occupational fraud schemes are very hard to detected. However, they are more likely to be detected by a tip than internal audits, internal controls or external audits. Thus, prevention of occupation fraud is better achieved through the use of hotlines, whistle blowing, effective internal control system and the use of forensic accounting in fraud detection is recommended for further studies. 2015-08-17 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/17605/1/501_ICAS2015%20501-505.pdf Umar, Ibrahim and Samsudin, Rose Shamsiah and Mohamed, Mudzamir (2015) The types, costs, prevention and detection of occupational fraud: The ACFE perspective. In: International Conference on Accounting Studies (ICAS) 2015, Aug 17-20, 2015, Thistle Johor Bahru Hotel, Johor, MALAYSIA. http://www.icas.my/index.php/proceedings/3-icas-2015-proceedings/153-the-types-costs-prevention-and-detection-of-occupational-fraud-the-acfe-perspective |
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HF5601 Accounting Umar, Ibrahim Samsudin, Rose Shamsiah Mohamed, Mudzamir The types, costs, prevention and detection of occupational fraud: The ACFE perspective |
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Occupational fraud and abuse are an enormous problem, imposing adverse effects and practically affecting every organization and all sectors of the economy.The estimated global cost of fraud according to ACFE accounted for $2.9, $3.5 and $3.7 trillion in 2010, 2012 and 2014 respectively. Three types of schemes have been identified by the Association of Certified Fraud Examiners (ACFE) in their various reports to the nation.The aim of this review is to depict the type, cost, and fraud control mechanisms. Occupational fraud schemes are
very hard to detected. However, they are more likely to be detected by a tip than internal audits, internal controls or external audits. Thus, prevention of occupation fraud is better achieved through the use of hotlines, whistle blowing, effective internal control system and the use of forensic accounting in fraud detection is
recommended for further studies. |
format |
Conference or Workshop Item |
author |
Umar, Ibrahim Samsudin, Rose Shamsiah Mohamed, Mudzamir |
author_facet |
Umar, Ibrahim Samsudin, Rose Shamsiah Mohamed, Mudzamir |
author_sort |
Umar, Ibrahim |
title |
The types, costs, prevention and detection of
occupational fraud: The ACFE perspective |
title_short |
The types, costs, prevention and detection of
occupational fraud: The ACFE perspective |
title_full |
The types, costs, prevention and detection of
occupational fraud: The ACFE perspective |
title_fullStr |
The types, costs, prevention and detection of
occupational fraud: The ACFE perspective |
title_full_unstemmed |
The types, costs, prevention and detection of
occupational fraud: The ACFE perspective |
title_sort |
types, costs, prevention and detection of
occupational fraud: the acfe perspective |
publishDate |
2015 |
url |
http://repo.uum.edu.my/17605/1/501_ICAS2015%20501-505.pdf http://repo.uum.edu.my/17605/ http://www.icas.my/index.php/proceedings/3-icas-2015-proceedings/153-the-types-costs-prevention-and-detection-of-occupational-fraud-the-acfe-perspective |
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1644282259137626112 |
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13.149126 |