Baz, Rayaan and Samsudin, Rose Shamsiah and Che Ahmad, Ayoib (2017) The role of internal control and information sharing in preventing fraud in the Saudi banks. Journal of Accounting and Financial Management, 3 (1). pp. 7-13. ISSN 2504-8856
PDF
Restricted to Registered users only Download (233kB) | Request a copy |
Abstract
Fraud is known to threaten companies and organizations inclusive of all financial institutions in the world.Studies have shown that weakened internal controls and technological advances may have created new fraud threats for banks.The threats have been difficult to deal with because of the rapid changes that characterize the technology industry.Generally, over 5 billion online fraud attempts took place each year globally.In Saudi Arabia alone, it is estimated that about SR 16 billion is lost each year to commercial fraud, a large part of which is perpetrated electronically.Recent data shows that the country is among the top twenty countries most affected by electronic fraud.Therefore, fraud prevention should be a crucial focus for Saudi banks.This study presents a conceptual framework on measures that can be employed by banks and government authorities in the country in dealing with the growing electronic banking fraud.
Item Type: | Article |
---|---|
Uncontrolled Keywords: | Fraud Prevention, Saudi Banks, Information Sharing, Internal Control, Fraud |
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
Divisions: | Tunku Puteri Intan Safinaz School of Accountancy (TISSA) |
Depositing User: | Dr. Rose Shamsiah Samsudin |
Date Deposited: | 14 Jun 2017 00:03 |
Last Modified: | 14 Jun 2017 00:03 |
URI: | https://repo.uum.edu.my/id/eprint/22408 |
Actions (login required)
View Item |