Chin Yii Wen
ABSTRACT
Nowadays, fraud has been one of the main issues and concern of regulators, auditors, investors, and researchers. The internal audit today plays a vital role to manage the company risk as well as to help the company to decrease the cost, enhance the company's performance to achieve higher stakeholder demands. Auditors play a crucial role in validating and providing assurance. The purpose of this study is to understand the responsibilities of internal auditors in preventing fraud. This study analyzed the relationship between staff training, the effects of continuous monitoring internal control system, protection software and the protection software on fraud prevention in Malaysia listed companies. The authors used the hypothesis and quantitative method to test the relationship between the responsibilities of internal auditors and fraud prevention.The targeted population were internal auditors who are working in the listed companies in Malaysia. Questionnaire was be sent out to 100 listed companies in Malaysia. Data were analysed using SPSS software in term of pearson correlation analysis and multiple regression test. Result of this work showed that there is a relationship between staff training, continuous monitoring internal control system protection software and fraud prevention in Malaysia listed companies.
- Fountain, L. (2016). Leading the Internal Audit Function (Vol. 1). CRC Press.Google Scholar
- Pickett, K. S. (2011). The essential guide to internal auditing. John Wiley & Sons.Google Scholar
- Mubako, G., & Mazza, T. (2017). An examination of internal auditor turnover intentions. Managerial Auditing Journal, 32(9), 830--853.Google ScholarCross Ref
- Smith, G., Button, M., Johnston, L., & Frimpong, K. (2010). Studying fraud as white collar crime. Macmillan International Higher Education.Google Scholar
- Levi, M. (2016). The phantom capitalists: The organization and control of long-firm fraud. Routledge.Google Scholar
- Coderre, D. (2009). Computer Aided Fraud Prevention and Detection: A Step by Step Guide. John Wiley & Sons.Google Scholar
- Petrascu, D., & Tieanu, A. (2014). The role of internal audit in fraud prevention and detection. Procedia Economics and Finance, 16, 489--497.Google ScholarCross Ref
- Ghazali, M. Z., Rahim, M. S., Ali, A., & Abidin, S. (2014). A preliminary study on fraud prevention and detection at the state and local government entities in Malaysia. Procedia- Social and Behavioral Sciences, 164, 437--444.Google ScholarCross Ref
- Rahman, R. A., & Anwar, I. S. K. (2014). Effectiveness of fraud prevention and detection techniques in Malaysian Islamic banks. Procedia-Social and BehavioralGoogle Scholar
- Sciences, 145, 97--102.Google Scholar
- Omar, M., Nawawi, A., & Puteh Salin, A. S. A. (2016). The causes, impact and prevention of employee fraud: A case study of an automotive company. Journal of Financial Crime, 23(4), 1012--1027.Google ScholarCross Ref
- Mat, T., Zainun, T., Nazri, S. M., Faiza, S. N., Mohd Fahmi, F., Ismail, A. M., & Smith, M. (2013). Assessing the fraud prevention mechanisms in Malaysian government agencies/Tuan Zainun Tuan Mat..[et al.]. Malaysian Accounting Review, 12(2), 141--169.Google Scholar
- Hanim Fadzil, F., Haron, H., & Jantan, M. (2005). Internal auditing practices and internal control system. Managerial Auditing Journal, 20(8), 844--866.Google ScholarCross Ref
- Whittington, O. R. (2015). Wiley CPAexcel Exam Review 2016 Study Guide January: Auditing and Attestation. John Wiley & Sons.Google Scholar
- Grabosky, E. P., Grabosky, P., Smith, R. G., Smith, R. G., & Dempsey, G. (2001). Electronic theft: Unlawful acquisition in cyberspace. Cambridge University Press.Google Scholar
- Dutta, S. K. (2013). Statistical Techniques for Forensic Accounting: Understanding the Theory and Application of Data Analysis. New Jersey: FT PressGoogle Scholar
- KPMG. (2013). KPMG Malaysia Fraud, Bribery and Corruption Survey 2013. Retrieved from https://assets.kpmg.com/content/dam/kpmg/pdf/2016/03/frau d-survey-report.pdfGoogle Scholar
- Siregar, S. V., & Tenoyo, B. (2015). Fraud awareness survey of private sector in Indonesia. Journal of Financial Crime, 22(3), 329--346.Google ScholarCross Ref
- Abu Bakar, K. M. (2009). Fraud Prevention Mechanisms in Government-linked Companies: An assessment of the level of existence and effectiveness (Doctoral dissertation, Master Dissertation, Faculty of Accountancy, Universiti Teknologi Mara, Shah Alam).Google Scholar
- Rosli, R., Mohamad, I. S., Mohamed, N., & Rahman, S. A. (2017). Fraud Prevention Framework in Malaysia Local Authorities. Business & Management Quarterly ReviewGoogle Scholar
- Agbejule, A., & Jokipii, A. (2009). Strategy, control activities, monitoring and effectiveness. Managerial Auditing Journal, 24(6), 500--522.Google ScholarCross Ref
- Cascarino, R., & Esh, S. v. (2007). Internal Auditing: An Integrated Approach, Second Edition. South Africa: Juta and Co Ltd.Google Scholar
- Youngblood, J. R. (2015). A Comprehensive Look at Fraud Identification and Prevention. Boca Raton: Taylor & Francis Group, LLC.Google Scholar
- Desai, M. S., Richards, T. C., & von der Embse, T. (2002). System insecurity-firewalls. Information management & computer security, 10(3), 135--139.Google Scholar
- Goldmann, P. (2010). Financial services anti-fraud risk and control workbook. John Wiley & Sons.Google Scholar
Index Terms
- The Responsibility Of Internal Auditors In Preventing Fraud In Malaysia Listed Companies
Recommendations
Implementation of Good Corporate Governance, Internal Audit, Whistle-Blowing System for Fraud Prevention in State-Owned Enterprise
ICEME '21: Proceedings of the 2021 12th International Conference on E-business, Management and EconomicsThe effectiveness of the application of the whistleblowing system can be seen from the large number of frauds that were found and the shorter time to act on reports of fraud. The whistleblowing system is expected to detect fraud, especially against ...
Research on the Status Quo and Influencing Factors of Gender Differences in the Executive Salaries of Listed Companies
Gender pay difference has always been a concern of scholars. Especially in recent years, experts have gradually shifted their research horizons to gender pay difference of executive compensation. This paper takes executive compensation of listed ...
Study on Influence Factors of Disclosure of Internal Control Information in Listed Companies
ICIII '11: Proceedings of the 2011 International Conference on Information Management, Innovation Management and Industrial Engineering - Volume 02Since the world-shaking Enron and WorldCom securities fraud happened, disclosure of internal control information in listed companies has rapidly become the focus of research scholars at home and abroad. Taking 103 transportation listed companies from ...
Comments