International Journal of Academic Research in Business and Social Sciences

search-icon

The Responsibilities of Financial Fraud Activities Among of Auditor in the Business Organizations

Open access

Norfadzilah Rashid, Mohd Sadad Mahmod, Asyraf Afthanorhan, Wan Anisah Endut, Noryati Yaakub, Mohd Hafiz Harun, Ahmad Othman, Safrul Izani Salleh

Pages 1646-1651 Received: 17 Nov, 2018 Revised: 29 Dec, 2018 Published Online: 08 Jan, 2019

http://dx.doi.org/10.46886/IJARBSS/v8-i12/5266
The study paper mainly focuses on the financial fraud of the issue either auditors can act as a first respondents or not. As first respondents, their primarily responsible is to clarify the fraud, stabilize situation and prevent for further losses. Moreover, third parties are expected to act as first respondents too, as when there are financial fraud or other illegal act is suspected during the audit. Hence, in conducting an audit, auditors play a role in practice guidelines that must be wary occurrence of financial fraud and other illegal acts. Any first respondents must rely on electronic format and digital forensics to collect and identify such electronic information not the original printed documents.
Alfadhli, M. I., Rashid, N., & Yaakub, N. (2018). The Impact of Internal Audit and its Quality on Sales in Economic Institutions?: A Case Study ( Al-Ahlia Cement Company - Libya ) The Impact of Internal Audit and its Quality on Sales in Economic Institutions?: A Case Study ( Al-Ahlia Cement Company - Lib. International Journal of Academic Research in Business and Social Sciences, 8(8), 50–65. https://doi.org/10.6007/IJARBSS/v8-i8/4434
Ali, A. R., Abdullah, B., & Rashid, N. (2018). An Error Analysis Approach in Identifying the Patterns of Mistakes in Jawi Spelling An Error Analysis Approach in Identifying the Patterns of Mistakes in Jawi Spelling. International Journal of Academic Research in Business and Social Sciences, 8(11), 1222–1231. https://doi.org/10.6007/IJARBSS/v8-i11/5164
Alleyne, P., & Howard, M. (2005). An exploratory study of auditors’ responsibility for fraud detection in Barbados. Managerial Auditing Journal, 20(3), 284–303. https://doi.org/10.1108/02686900510585618
Hillison, W., Pacini, C., & Sinason, D. (1999). The internal auditor as fraud-buster. Managerial Auditing Journal, 14(7), 351–363. https://doi.org/10.1108/02686909910289849
Mahmod, M. S., Aziz, K., Yazid, A. S., Rashid, N., Salleh, F., & Ghazali, P. L. (2018). A Conceptual Framework of ERM Practices among SMEs IN Malaysia A Conceptual Framework of ERM Practices among SMEs IN Malaysia. International Journal of Academic Research in Business and Social Sciences, 8(11), 1209–1221. https://doi.org/10.6007/IJARBSS/v8-i11/5163
Maria Krambia-Kapardis. (2002). A fraud detection model: A must for auditors. Journal of Financial Regulation and Compliance, 10(3), 266–278.
Masud, H., Daud, W. N. W., Zainol, F. A., Rashid, N., & Asyraf, A. (2018a). A critique of normative commitment in management research. International Journal of Academic Research in Business and Social Sciences, 8(11), 1172–1191. https://doi.org/10.6007/IJARBSS/v8-i11/5161
Masud, H., Daud, W. N. W., Zainol, F. A., Rashid, N., & Asyraf, A. (2018b). Human resource management practices and organizational commitment: research methods, issues and future directions (2001-2016). International Journal of Academic Research in Business and Social Sciences, 8(11), 1134–1148. https://doi.org/10.6007/IJARBSS/v8-i11/5159
Rashid, N., Asfthanorhan, A., Johari, R. J., Hamid, N. A., Yazid, A. S., Salleh, F., … Salleh, F. (2018). Ethics and Financial Reporting Assurance. International Journal of Academic Research in Business and Social Sciences, 8(11), 1346–1355. https://doi.org/10.6007/IJARBSS/v8-i11/5176
Smith, G. S. (2012). Can an auditor ever be a first responder to financial frauds? Journal of Financial Crime, 19(3), 291–304. https://doi.org/10.1108/13590791211243138
Sow, A. N., Basiruddin, R., Rasid, S. Z. A., & Husin, M. M. (2017). Understanding fraud in Malaysian SMEs. Journal of Financial Crime. https://doi.org/10.1108/JFC-08-2017-0077

In-Text Citation: (Rashid et al., 2018)
To Cite this Article: Rashid, N., Mahmod, M. S., Afthanorhan, A., Endut, W. A., Yaakub, N., Harun, M. H., Salleh, S. I. (2018). The Responsibilities of Financial Fraud Activities Among of Auditor in the Business Organizations. International Journal of Academic Research in Business and Social Sciences, 8(12), 1646–1651.