The Impact of Task Performance Fraud Risk Assessment on Forensic Skills and Mindsets: A Conceptual Model

This study seeks to understand the impact of fraud preventive measures on good corporate governance within Omani public listed companies. Fraud preventive measures are considered as fraud risk assessment and preventive role of forensic accounting. This study also proposed that preventive role of forensic accounting mediates the relationship between fraud risk assessment and good corporate governance. Unit of analysis is public listed companies in Oman. This study utilized census sampling with quantitative cross sectional study. PLS-SEM was employed for the data and result analysis. Results suggest that, fraud risk assessment does not have significant impact on good corporate governance; whereas, preventive role of forensic accounting has significant impact on good corporate governance and it is also mediating between fraud risk assessment and good corporate governance. This study can assist regulators and policy makers towards inclusion of forensic accounting as permanent and compulsory component of the codes of corporate governance. Moreover, it is highly recommended for organizations to have in-house antifraud activity which can support and enhance good corporate governance. This study identifies forensic accounting as in-house preventive measure activity which can be available within an organization and working as governance management. This preventive role of forensic accounting is not explored before especially in the Omani market.

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The impact of groups and decision aid reliance on fraud risk assessment

Management Research Review ◽

10.1108/01409171011030390 ◽

2010 ◽

Vol 33 (3) ◽

pp. 240-256 ◽

Cited By ~ 7

Author(s):

Anna Alon ◽

Peggy Dwyer

Keyword(s):

Risk Assessment ◽

Decision Aid ◽

Fraud Risk ◽

The Impact

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Task Performance and Skills in IR 4.0: The Moderating Effect of Attitude

Indian-Pacific Journal of Accounting and Finance ◽

10.52962/ipjaf.2018.2.4.59 ◽

2018 ◽

Vol 2 (4) ◽

pp. 44-56

Author(s):

Oluwatoyin Muse Johnson Popoola ◽

Ayoib Che Ahmad ◽

Rachael Oluyemisi Arowolo ◽

Mazrah Malek

Keyword(s):

Risk Assessment ◽

Task Performance ◽

Working Environment ◽

Skill Sets ◽

Fraud Risk ◽

Effective Policy ◽

Energy Quantum ◽

Conceptual Study ◽

And Task ◽

Specific Working

In the advent of artificial intelligence, internet of things, self- driving vehicles, nanotechnology, renewable energy, quantum computing, and biotechnology has taken centre stage. New markets will emerge, partly or wholly displacing others that will require new skill sets for employment and transform how and where people work. Thus, the skills required in both old and new occupations are bound to change in a specific working environment and transform how and where people work. The objective of this study is to examine the moderating impact of attitude (ATT) on skills (SK) and task performance fraud risk assessment (TPFRA) of professional accountants conceptually. This study possesses the capacity to impact the ethical, legal, regulatory, and institutional framework. Furthermore, the study possesses the abilities to persuade the efficient and effective policy formulations and enhance capacity building of the workforce in the public sector. To the best of the researchers’ knowledge, this may perhaps be the first conceptual study on the accountant's attitude as an indispensable capability requirement for skills and task performance fraud risk assessment in the specific working environment.

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Investigating Fraud Risks Assessment Practices in Public Sector Audits

Asia-Pacific Management Accounting Journal ◽

10.24191/apmaj.v16i1-08 ◽

2021 ◽

Vol 16 (1) ◽

pp. 183-205

Author(s):

Mohamad Mahsun ◽

◽

Nafsiah Mohamed ◽

Sharifah Norzehan Syed Yusuf ◽

Indrawati Yuhertiana ◽

...

Keyword(s):

Risk Assessment ◽

Public Sector ◽

Audit Process ◽

Planning Stage ◽

Audit Planning ◽

Fraud Risk ◽

Auditing Standards ◽

The Government ◽

The Impact ◽

Audit Standards

Fraud Risk Assessment (FRA) is claimed to be an important activity at the audit planning stage in both the private and public sectors. In fact, because of the importance of FRA activities, Auditing Standards (SAS 99, ISA 240, ISSAI 1240) have required auditors to carry out FRAs at the audit planning stage. FRA is considered as the core activity of financial audit planning because of the impact of fraud on the sustainability of an entity, quality of life, and economic growth. This study aimed to determine the practice of FRA in public sector audits and to find out more about the obstacles faced by auditors during the audit process and to find out the causes of these obstacles by considering the approach to the Audit Standards used. This study found that auditors’ performance can be determined based on their complete compliance with audit standards. We have encountered a serious problem that requires firm action from the government or a competent official, namely the auditor’s willingness in preparing the Fraud Risk Assessment Matrix. In addition, we recommend the Audit Standards Board to adopt international public sector auditing standards and disseminate them through training for auditors, students, and professionals. Keywords: fraud risk assessment, public sector audit, auditor competency

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The Impact of Auditors' Cognitive Styles on Fraud Risk Assessment (A Test of Gregorc's Energy Theory)

Iranian journal of Value and Behavioral Accounting ◽

10.29252/aapc.5.9.33 ◽

2020 ◽

Vol 5 (9) ◽

pp. 33-1

Author(s):

reza nematikoshteli ◽

◽

Mohsen Hamidian ◽

seyedeh Mahboobeh Jafari ◽

Maryam sarraf ◽

...

Keyword(s):

Risk Assessment ◽

Cognitive Styles ◽

Fraud Risk ◽

Energy Theory ◽

The Impact

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Cultural Differences in Auditors' Compliance with Audit Firm Policy on Fraud Risk Assessment Procedures

Auditing A Journal of Practice & Theory ◽

10.2308/ajpt-51998 ◽

2018 ◽

Vol 37 (4) ◽

pp. 25-48 ◽

Cited By ~ 14

Author(s):

Olof Bik ◽

Reggy Hooghiemstra

Keyword(s):

Risk Assessment ◽

Cultural Differences ◽

Internal Quality ◽

Audit Process ◽

Audit Firm ◽

Fraud Risk ◽

National Differences ◽

Assessment Procedures ◽

The Impact ◽

Cross National

SUMMARY Internationally operating audit firms rely heavily on global firm policies and audit methodologies to ensure consistency of audits across the globe. However, cultural differences are likely to affect auditors' compliance with such firm-wide systems of control. In this study we use proprietary data from a Big 4's internal quality reviews, involving 1,152 audit engagements from 29 countries, to assess the impact of cross-national cultural differences on auditors' compliance (or not) with the firm's policy in a specific yet crucial and culturally susceptible area of the audit process: fraud risk assessment procedures. We find that collectivism and societal trust are negatively associated, while religiosity is positively associated with compliance with global firm policy. However, we do not find evidence that compliance and power distance are associated. Overall, our findings suggest that cross-national differences in auditors' compliance with global audit firm methodology (or not) are associated with cross-national cultural differences. An implication of our findings is that a uniform local application of global audit methodologies may remain an illusion unless different, targeted approaches for different regions in the world are considered.

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Task performance fraud risk assessment on forensic accountant and auditor knowledge and mindset in Nigerian public sector

Risk Governance and Control Financial Markets & Institutions ◽

10.22495/rgcv4i3c1art2 ◽

2014 ◽

Vol 4 (3) ◽

pp. 83-89

Author(s):

Oluwatoyin Muse Johnson Popoola ◽

Ayoib Che-Ahmad ◽

Rose Shamsiah Samsudin

Keyword(s):

Risk Assessment ◽

Corporate Governance ◽

Public Sector ◽

Task Performance ◽

Fraud Risk ◽

Accountability Practices

This paper discusses task performance fraud risk assessment and forensic accountant and auditor knowledge and mindset in the Nigerian public sector. The aim of the study is to examine the fraud risk assessment in the Nigerian public sector through the efficient utilisation of forensic accountant and auditor knowledge and mindset. The effect will enhance the corporate governance and accountability practices among public sector accountants and auditors in Nigeria.

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