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Dealing with fraudulent financial statement in business organizations through whistleblowing system and staff awareness of fraud


Maulidi, Ach (2016) Dealing with fraudulent financial statement in business organizations through whistleblowing system and staff awareness of fraud. In: International Conference on Accounting Studies (ICAS) 2016, 15-18 August 2016, Langkawi, Kedah, Malaysia.

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Abstract

The main aim of this study is to deal with fraudulent financial statement in business organizations.This study suggests that whistle blowing system and staff awareness of fraud empirically can minimize and mitigate financial statement fraudulently reported.Apart from that, this study also finds several aspects that can help firms to establish effective whistle blowing system and effective reporting mechanisms that might encourage an individual to report malpractice or wrongdoing occurring in the firm. In other words, based on this study, the most effective factors that can run whistle blowing system effectively are proactive safety/protection program, easy accessibility of exposure for employees, followed up whistle blower's reports or complaints, and financial incentives (reward) program, and, this study also confirms that online forms constitute the most effective reporting mechanism to blow misstatement whether caused by fraud or error.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-967-0910-27-7 Organized by: Institute for Strategic and Sustainable Accounting Development (ISSAD), Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia.
Uncontrolled Keywords: Fraudulent financial statement, business organizations, whistleblowing system, staff awareness of fraud
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 01 Feb 2017 02:49
Last Modified: 01 Feb 2017 02:49
URI: http://repo.uum.edu.my/id/eprint/20811

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