Fraudulent Financial Reporting: A Basic Analysis
Sherliza Puat Nelson
International Islamic University Malaysia
September 29, 2011
ISLAM, ACCOUNTING AND FINANCE: CHALLENGES AND OPPORTUNITIES IN THE NEW DECADE, Norhayati Mohd Alwi and Sherliza Puat Nelson, eds., IIUM Press: Malaysia
The objective of the research is to identify differences between two group of firms, fraud and non fraud firms. Fraud is of particular interest here because the implication is massive, the effect to the company, staff and creditors. The research intends to look at any differences with regard to the board’s and firm’s characteristics. Board’s characteristics consist of board independence and size, and also the audit committee experts. While, firm’s characteristics, contain the financial characteristics of the firm such as long term liability, total assets, sales and operating cash flow. Even though, the study fails to find significant result, but appointing audit committees with certain expertise, may help the company to effectively managed their financial resources.
Number of Pages in PDF File: 13
Keywords: fraudulent financial reporting, financial, audit committees, expertise, sales, operating cash flow, total assets, long term liability
JEL Classification: M40, M42, M48, J24Accepted Paper Series
Date posted: December 1, 2011 ; Last revised: January 13, 2012
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