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Document Type |
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Thesis |
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Document Title |
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The Extent of External Auditors Perceptions of Fraud Risk Factors (Red Flags) Used In Detecting Fraud: An Empirical Study In The Kingdom of Saudi Arabia مدى إدراك المراجعين الخارجيين لعوامل خطر الغش (الإشارات الحمراء) المستخدمة في اكتشاف الغش: دراسة ميدانية في المملكة العربية السعودية |
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Subject |
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Faculty of Economics and Administration |
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Document Language |
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Arabic |
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Abstract |
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This study aims to understand the extent to which external auditors in Saudi Arabia perceive the fraud risk factors (Red Flags) used in the detection of fraud in financial reports.
To achieve the objectives of the study, a questionnaire was designed to obtain the necessary data according to likert scale, which was distributed to professional auditors in Saudi Arabia.
The results showed that there is awareness by the external auditors in Saudi Arabia of the importance and effectiveness of fraud risk factors used in the detection of fraud in the financial reports. And that fraud risk factors related to opportunities were of greater importance to auditors than fraud risk factors related to both incentives / pressures and rationalizations. The results also showed that external auditors with six to ten years of experience gave greater attention to risk factors related to opportunities. And that auditors at big size audit offices had given greater attention to risk factors related to incentives / pressures. The findings indicated that the most important risk factors of fraud from the auditors' point of view were those of management behavior, internal control systems, and ethical values.
The study recommended that strong internal controls should be applied to reduce fraud, and management should adopt ethical conduct to promote ethical values in the enterprise, as well as electing directors based on their good reputation in the business sector. Also, the study recommended the inclusion of mandatory courses on professional ethics, corporation governance, and fraud prevention in the study plans for students of the business college, and in particular the students of accounting departments in Saudi Universities.
Key words: Fraud Risk Factors, Red Signals, Fraud in Financial Reports, External Auditors. |
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Supervisor |
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Dr. Yousef Abdullah Basudan |
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Thesis Type |
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Master Thesis |
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Publishing Year |
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1440 AH
2019 AD |
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Added Date |
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Sunday, August 18, 2019 |
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Researchers
| أحمد عبدالله الكربي | Alkarbi, Ahmed Abdullah | Researcher | Master | |
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