Publication:
Proactive fraud audit on fraud prevention: revisiting the literature
Proactive fraud audit on fraud prevention: revisiting the literature
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Date
2023
Authors
Zardasht Abubaker Qader Barzinji
Wan Sallha Yusoff
Siti Norwahida Shukeri
Mohd Sofian Mohammad Rosbi
Mohd Fairuz Md Salleh
Hussein Abdulrahman Khudhur
Barzo Mahmood Qader
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Publisher
AIP Publishing
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Abstract
This review is related to literature that uses a multi-method approach to assess current information and knowledge gaps concerning proactive fraud audits, internal audits, and fraud prevention. Therefore, from that point, fraud prevention is necessary for firms' activities because enterprises offer info to many sides, so they need robust and protect financial reports. Accordingly, this paper takes comparative discussion by studying and assessing the opinions of fraud threat staffing investigators and practitioners. Through the research, criminal organizations, senior staff, and workers were uncovered weak internal audits, regulations, processes, and a deficient institutional structure. Selfishness on the side of the perpetrators, wicked professionals, recruitment and retention, inefficient independent audit responsibilities, and an economic climate that exalts riches regardless of how it is acquired are all facilitators to scam in financial institutions. As a consequence, the recommendation of this paper is the researchers ought to avoid mistakes of the past by depending on internal audit alone and, most significantly; the assumption of an explicit link between the two variables is evidence of these flaws. This essential research domain would hugely aid in adopting a more deliberate task framework that finds the start-causing link.
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Keywords
Corruption,
Fraud Prevention,
Good Governance,
Internal Audit,
Proactive Fraud Audit