scholarly journals Fraud and Forensic Accounting: Knowledge and Risk Assessment Task Performance in Malaysian Public Sector – Conceptual study

2014 ◽  
Author(s):  
Oluwatoyin Muse Johnson Popoola ◽  
Ayoib Che Ahmad, PhD ◽  
Rose Shamsiah Samsudin, PhD
Keyword(s):  
Risk Assessment ◽  
Public Sector ◽  
Task Performance ◽  
Assessment Task ◽  
Forensic Accounting ◽  
Conceptual Study

scholarly journals Forensic Accounting Knowledge and Mindset on Task Performance Fraud Risk Assessment

2014 ◽  
Vol 9 (9) ◽  
Author(s):  
Oluwatoyin Muse Johnson Popoola ◽  
Ayoib Che Ahmad ◽  
Rose Shamsiah Samsudin
Keyword(s):  
Risk Assessment ◽  
Task Performance ◽  
Fraud Risk ◽  
Forensic Accounting

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

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.

scholarly journals The Personality Factor of Conscientiousness on Skills Requirement and Fraud Risk Assessment Performance

2020 ◽  
Vol 11 (2) ◽  
pp. 405
Author(s):  
Ala'a Zuhair Mansour ◽  
Aidi Ahmi ◽  
Oluwatoyin Muse Johnson Popoola
Keyword(s):  
Risk Assessment ◽  
Public Sector ◽  
Personality Factors ◽  
Personality Factor ◽  
Fraud Prevention ◽  
Assessment Task ◽  
The Public ◽  
Fraud Risk ◽  
The Government ◽  
Assessment Performance

The study examines the moderation effect of the personality factor of conscientiousness on the relationship between skills (forensic accountant and auditor) and fraud risk assessment task performance in the Jordanian public sector. The forensic accountant skills denote enhanced level of capability purposely required to collect evidence in respect of fraud prevention, detection, deterrence as well as response. Whereas, the auditing standards require auditors to make available realistic guarantees in terms of sufficiency and reliability that the financial statements as a whole are free from material misstatements arising from fraud or error. Despite efforts by the government in reducing cases of fraud through a measure of reforms such as the establishment and strengthening of accountability organs and promoting global best practices for corporate organisations, fraud and financial crimes in the public sector of Jordan are still increasing. Hence, this paper develops a conceptual framework to investigate the moderating effect of conscientiousness on skills requirements and fraud risk assessment performance. The study will assist the forensic accountants and auditors working as regulators in the public sector environment concerning fraud prevention, detection, and response. It also creates awareness among accounting information users in the public sector. The paper contributes to the literature on personality factors of conscientiousness, auditing and forensic accounting, enhanced capability skills requirement, and competence (fraud risk assessment performance) by forensic accountants and auditors about fraud prevention, detection, and response in the Jordanian public sector.

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

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.

scholarly journals Effect of Internal Control System on Risk Assessment in the Nigeria Public Sector (A Study Answer Prepared)

2019 ◽  
Vol 05 (12) ◽  
pp. 714-724
Author(s):  
Muhammad Barkindo Umar ◽  
Jeremiah Yusuf Karfe ◽  
Gambo Sule ◽  
Ado Ahmed
Keyword(s):  
Risk Assessment ◽  
Control System ◽  
Public Sector ◽  
Internal Control ◽  
Internal Control System

On the Use of Checklists in Auditing: A Commentary

2014 ◽  
Vol 8 (1) ◽  
pp. C1-C25 ◽  
Author(s):  
J. Efrim Boritz ◽  
Lev M. Timoshenko
Keyword(s):  
Risk Assessment ◽  
Experimental Studies ◽  
Risk Assessments ◽  
Cue Combination ◽  
Assessment Task ◽  
Fraud Risk ◽  
Red Flag ◽  
Application Methods ◽  
Effective Use ◽  
Fraud Risk Assessments

SUMMARYExperimental studies concerning fraud (or “red flag”) checklists often are interpreted as providing evidence that checklists are dysfunctional because their use yields results inferior to unaided judgments (Hogan et al. 2008). However, some of the criticisms leveled against checklists are directed at generic checklists applied by individual auditors who combine the cues using their own judgment. Based on a review and synthesis of the literature on the use of checklists in auditing and other fields, we offer a framework for effective use of checklists that incorporates the nature of the audit task, checklist design, checklist application, and contextual factors. Our analysis of checklist research in auditing suggests that improvements to checklist design and to checklist application methods can make checklists more effective. In particular, with regard to fraud risk assessments, customizing checklists to fit both client circumstances and the characteristics of the fraud risk assessment task, along with auditor reliance on formal cue-combination models rather than on judgmental cue combinations, could make fraud checklists more effective than extant research implies.

The Practical Challenges of Implementing Algorithmic Regulation for Public Services

2019 ◽  
pp. 150-177
Author(s):  
Alex Griffiths
Keyword(s):  
Higher Education ◽  
Risk Assessment ◽  
Health Care ◽  
Public Sector ◽  
Case Studies ◽  
Risk Prediction ◽  
Public Services ◽  
The Public ◽  
Regulatory Domains ◽  
Limited Effectiveness

This chapter focuses on one particularly salient application of algorithmic regulation in the public sector—for the purposes of risk assessment to inform decisions about the allocation of enforcement resources, focusing on their accuracy and effectiveness in risk prediction. Drawing on two UK case studies in health care and higher education, it highlights the limited effectiveness of algorithmic regulation in these contexts, drawing attention to the pre-requisites for algorithmic regulation to fully play to its predictive strengths. In so doing, it warns against any premature application of algorithmic regulation to ever-more regulatory domains, serving as a sober reminder that delivering on the claimed promises of algorithmic regulation is anything but simple, straightforward or ‘seamless’.

Is it suitable for your local governments?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nanang Shonhadji ◽  
Ach Maulidi
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Control System ◽  
Public Sector ◽  
Local Government ◽  
Control Systems ◽  
Internal Control ◽  
Internal Controls ◽  
Content Type ◽  
Fraud Mitigation

Purpose The purpose of this study is to extend existing theory by developing a contingency theory for the public sector and to provide a landscape for local government to deal with white-collar crime. In recent years, the theme of risk management and internal controls, which is popular in the industry and private sector, has been mirrored by public sector organisations. Of course, it is to improve fraud risk control systems. We have to accept that public sector organisations have a growing need to control the (fraud) risks in a rapidly changing economic environment. Within this situation an effective internal control is becoming strategically important in many organisations, as it is proving to be a cost-efficient way to manage these risks in everyday operations. Here, the authors conducted a case study on the risk management control system at an Indonesian local government. Design/methodology/approach This study uses mixed methods, integrating quantitative and qualitative data – in-depth interviews and questionnaires were required to address the social phenomenon being investigated. Findings This study found that the structure of the control system fits a generic model, in which control systems are fundamental factors to all departments. It shows that control systems can support managers to align employee capabilities, activities and performance with the organisation’s goals and missions. In addition, the authors could identify, risk assessment and monitoring activities are effective measures of controlling organisation’s activities, and potentially could diagnose potential (fraud) risks, deterring to the achievement of organisational aims. Ideally, those aspects should be performed on a continuous basis if organisations want to prevent the spread of numerous potential menaces. In other words, if an organisation fails to carry out risk assessment correctly, it will result in unidentified possibility of fraud risks. The more explicit the risk assessment, the more effective the detection of fraud. Practical implications It can be alternative to consider Committee of Sponsoring Organizations of the Treadway Commission’s internal control as fraud mitigation in local government. Originality/value This study offers new directive discussion about internal controls as notion of fraud mitigation.

The Application of Approximate Reasoning Methodologies to Offshore Engineering Design Based on Risk Assessment

Volume 3 ◽  
2004 ◽  
Author(s):  
A. G. Eleye-Datubo ◽  
H. S. Sii ◽  
J. Wang ◽  
J. B. Yang ◽  
J. Liu
Keyword(s):  
Risk Assessment ◽  
Systems Design ◽  
Approximate Reasoning ◽  
Technical Failure ◽  
Process Technology ◽  
Safety Control ◽  
Assessment Task ◽  
Risk Levels ◽  
Offshore Engineering

In dealing with complex and ill-defined systems of an offshore application, modelling of human reasoning for the purpose of risk assessment requires the effectiveness of a systematic logic-based approach. Floating production, storage and offloading (FPSO) installations, for example, combine traditional process technology with marine technology, and thus are quite dependent on technical design and operational safety control. Such safety-critical dependencies require novel approaches to properly analyse the risk involved. Hence, a proposed framework utilising approximate reasoning and evidential reasoning approaches is provided for modelling the assessment task. As based on fuzzy set theory, the model enables uncertainties to be described mathematically and further processed in the analysis of the structures. The forms of membership functions that could be used in representing fuzzy linguistic variables to quantify risk levels are presented. A case study of collision risk between FPSO and shuttle tanker due to technical failure during tandem offloading operation is used in this paper to illustrate the application of the proposed model. Furthermore, the obtained results from the case study provide confirmation that at various stages of offshore engineering systems design process the framework of incorporated approximate reasoning is a suited and convenient tool for attaining reliable risk analysis.

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