An empirical investigation of fraud risk assessment and knowledge requirement on fraud related problem representation in Nigeria

Fraud Risk Assessments: an Empirical Analysis

This paper provides the theoretical review of the fraud risk characteristics, systematization of the existing fraud knowledge and the causes of fraud occurrence. Moreover, it determines the roles and the responsibilities of managers and auditors in the fraud risk assessments. In addition, risk factors relating to the misstatements arising from fraudulent financial reporting have been examined. ...

Using Fraud Patterns for Fraud Risk Assessment of E-services

Every year, e-service providers report losses of billions of dollars due to fraud. Despite their huge efforts in implementing sophisticated fraud detection systems on top of their e-services, fraud effects seem to be rather increasing than decreasing. As a result, fraud risk assessment has been introduced as a fundamental part of e-service providers’ prevention strategies. In particular, identi...

The Effects of Ethics Activities on Fraud: an Empirical Study of Actual Instances of Fraud

INTRODUCTION With the extraordinary financial frauds of recent years, much attention has been given to the idea of ethics. The ethical conduct of executives at Enron, WorldCom, and Adelphia, to mention a few, has been questioned by the public, U. S. Congress, and the judicial system. In addition, the SEC reached a settlement of $1.4 billion with the nation’s top investment firms to resolve issu...

An Evidential Reasoning Approach to Integrating Fraud Schemes into Fraud Risk Assessment

This paper investigates how fraud schemes can be integrated into the fraud risk assessment process and be incorporated into audit planning. A framework for assessing fraud risk using an evidential reasoning approach based on the belief-function formalism was developed in this paper. The framework extends fraud risk assessment models in prior fraud research in three respects. First, it integrate...

Nigeria Tackles Advance Fee Fraud