Název:	Effective detection and prevention of fraud: perceptions among public and private sectors accountants and auditors in Saudi Arabia
Autoři:	Alfordy, Faisal D.
Citace zdrojového dokumentu:	E+M. Ekonomie a Management = Economics and Management. 2022, roč. 25, č. 3, s. 106–121.
Datum vydání:	2022
Nakladatel:	Technická univerzita v Liberci
Typ dokumentu:	článek article
URI:	http://hdl.handle.net/11025/49706
ISSN:	1212-3609 (Print) 2336-5604 (Online)
Klíčová slova:	povědomí o podvodech;metody odhalování a prevence podvodů;využití technologie detekce podvodů;forenzní účetnictví;veřejný a soukromý sektor
Klíčová slova v dalším jazyce:	fraud awareness;fraud detection and prevention methods;fraud detection technology usage;forensic accounting;public and private sectors
Abstrakt v dalším jazyce:	Globalization has inevitably transmuted fraud into a transnational hazard and raised significant apprehensions. Fraud affects organizations worldwide irrespective of nature, size, profitability, or industry. The pervasive nature of fraud serves a premise to study the menace further. Hence, this research investigated the perceptions among accountants and auditors on the effectiveness of fraud detection and prevention by public and private Saudi organizations. This research presented an exploratory case study within the Saudi Arabian social, economic, and cultural environment. Data-gathering through inquiries and questionnaires were performed among accountants, internal and external auditors from public and private sectors. The results revealed that accountants and auditors in Saudi private and public firms were highly cognizant on fraud awareness, general guidelines, subsequent responsibilities, and reporting venues. In addition, both sectors were found to have invested extensively in fraud detection and prevention technologies. Also, employees were found not have been regularly trained on fraud prevention and detection. Furthermore, forensic accounting, being a relatively new genre in fraud detection and prevention, is found sparingly utilized among public and private sectors’ organizations. Forensic accounting is yet to be accorded adequate authority in the Saudi context, and was found superficially placed under the Saudi Organization of Certified Public Accountants (SOCPA). Despite qualification, experience, and age being recognized as key elements to Saudi accountants and auditors in fraud detection and prevention, lack of proper training leaves employees with limited dexterity and exposes them to legal repercussions. In general, the current legal infrastructure in Saudi Arabia needs to be revisited to improve effective detection and prevention of fraudulence. This study provided insights into the Saudi Arabian fraud detection & prevention, hardware, infrastructure, and human resources as the contributors of a fraud-free society.
Práva:	CC BY-NC 4.1
Vyskytuje se v kolekcích:	Číslo 3 (2022) Číslo 3 (2022)

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