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Forensic accounting and fraud: capability and competence requirements in Malaysia


Popoola, Oluwatoyin Muse Johnson and Che Ahmad, Ayoib and Samsudin, Rose Shamsiah (2014) Forensic accounting and fraud: capability and competence requirements in Malaysia. Journal of Modern Accounting and Auditing, 10 (8). pp. 825-834. ISSN 1548-6583

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Abstract

The 2011 Global Economic Crime Survey instituted by PricewaterhouseCoopers confirms the economic crime in Malaysia to be on the increase and, therefore, requires immediate attention to stem the tides. In anticipation of the challenges occasioned due to a shift from the modified cash basis to the accrual basis of accounting, the Malaysian State’s determination to move from a developing n nation to a developed nation and to be ranked among the first 10 in 2020, this paper presents the need for forensic accountant and auditor capability (i.e., mindset and skills) on forensic accountant and auditor competence (i.e., task performance fraud risk assessment (TPFRA)) in the Malaysian public sector. It also draws the attention of the users of public sector accountants and auditors to the understanding of fraud mechanisms and how to deal with fraudsters. The population of this study comprised the accountants and auditors in the office of the Accountant General and Auditor General of Malaysia. The objective of this paper is to investigate the competence requirements of accountants and auditors in the effective and efficient utilization of capability requirements, which have the potentials to usher in the best global practices in fighting fraud in the Malaysian public sector.

Item Type: Article
Additional Information: Research Interest: Fraud Forensics, Accounting, Auditing, Corporate Governance, Risk Management, Public Policy & Regulation, Forensic Accounting Subject Area: Social Science, Business & Management, Business & Economics Article Type: Research Paper JEL Code: M4, M40, M41, M42, M48, M49 Data Analysis: IBM SPSS & PLS-SEM
Uncontrolled Keywords: Fraud Forensics; Accounting; Accountability; Forensic Accounting; Auditing; Assurance; Corporate Governance; Risk Management; Investigation;Risk Assessment; Task Performance; Problem Representation; Skills; Mindset; Knowledge; Values; Ethics; Fraud Risk Assessment; Financial Criminology; Fraud; Fraud Related Problem Representation; Fraud Prevention; Fraud Detection; Fraud Response; Fraud Specialist; Auditor; Forensic Accountant; Fraud Examiner, Mediation Analysis.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Dr. Oluwatoyin Muse Johnson Popoola
Date Deposited: 30 Sep 2015 02:58
Last Modified: 18 Apr 2016 06:04
URI: http://repo.uum.edu.my/id/eprint/15633

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