Please use this identifier to cite or link to this item: http://ktisis.cut.ac.cy/handle/10488/337
Title: A fraud detection model: A must for auditors
A fraud detection model: A must for auditors
Authors: Krambia-Kapardis, Maria 
Keywords: Auditors
Australia
EFD model
Fraud detection
Auditors
Australia
EFD model
Fraud detection
Issue Date: 2002
Publisher: Emerald
Emerald
Source: Journal of Financial Regulation and Compliance, Vol. 10, no. 3, 2002, pp. 266-278
Journal of Financial Regulation and Compliance, Vol. 10, no. 3, 2002, pp. 266-278
Abstract: This paper addresses a fundamental issue in financial regulation - that of the auditor’s ability to detect material irregularities. If an auditor is to detect irregularities he/she must also be cognisant of fraud aetiology by drawing on such other disciplines as psychology, criminology and sociology. The paper first provides a critique of existing fraud aetiology models and then describes the ROP Fraud Risk-Assessment Model constructed by the author in a study of convicted serious fraud offenders in Australia. The main concern of the paper is with the eclectic fraud detection model (EFD), of which the ROP model is a component. The EFD model is aimed at enhancing the auditor’s fraud detection ability, it has been constructed by the author and its utility successfully tested in Australia in a survey of auditors. Finally, the policy implications for auditors of the findings obtained are also considered.
This paper addresses a fundamental issue in financial regulation - that of the auditor�s ability to detect material irregularities. If an auditor is to detect irregularities he/she must also be cognisant of fraud aetiology by drawing on such other disciplines as psychology, criminology and sociology. The paper first provides a critique of existing fraud aetiology models and then describes the ROP Fraud Risk-Assessment Model constructed by the author in a study of convicted serious fraud offenders in Australia. The main concern of the paper is with the eclectic fraud detection model (EFD), of which the ROP model is a component. The EFD model is aimed at enhancing the auditor�s fraud detection ability, it has been constructed by the author and its utility successfully tested in Australia in a survey of auditors. Finally, the policy implications for auditors of the findings obtained are also considered.
URI: http://ktisis.cut.ac.cy/handle/10488/337
http://ktisis.cut.ac.cy/handle/10488/337
ISSN: 1358-1988
1358-1988
DOI: 10.1108/13581980210810256
10.1108/13581980210810256
Rights: © Emerald Group Publishing Limited
� Emerald Group Publishing Limited
Appears in Collections:Άρθρα/Articles

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