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Forensic Accounting and Fraud: Capability and Competence Requirements in Malaysia

Journal of Modern Accounting & Auditing, Vol. 10, No 8, 2014, pp. 825-834

10 Pages Posted: 4 Sep 2015  

Oluwatoyin Muse Johnson Popoola

Universiti Utara Malaysia

Ayoib Che-Ahmad

Universiti Utara Malaysia

Rose Shamsiah Samsudin

Universiti Utara Malaysia, College of Business, School of Accountancy

Date Written: March 10, 2014

Abstract

The 2011 Global Economic Crime Survey instituted by PricewaterhouseCoopers confirms the economic crime in Malaysia to be on the increase and, therefore, requires immediate attention to stem the tides.

In anticipation of the challenges occasioned due to a shift from the modified cash basis to the accrual basis of accounting, the Malaysian State’s determination to move from a developing nation to a developed nation and to be ranked among the first 10 in 2020, this paper presents the need for forensic accountant and auditor capability (i.e., mindset and skills) on forensic accountant and auditor competence (i.e., task performance fraud risk assessment (TPFRA)) in the Malaysian public sector.

It also draws the attention of the users of public sector accountants and auditors to the understanding of fraud mechanisms and how to deal with fraudsters.

The population of this study comprised the accountants and auditors in the office of the Accountant General and Auditor General of Malaysia.

The objective of this paper is to investigate the competence requirements of accountants and auditors in the effective and efficient utilization of capability requirements, which have the potentials to usher in the best global practices in fighting fraud in the Malaysian public sector.

Keywords: forensic accounting, auditing, fraud, fraud risk assessment, mindset, skills, Malaysia

JEL Classification: M4

Suggested Citation

Popoola, Oluwatoyin Muse Johnson and Che-Ahmad, Ayoib and Samsudin, Rose Shamsiah, Forensic Accounting and Fraud: Capability and Competence Requirements in Malaysia (March 10, 2014). Journal of Modern Accounting & Auditing, Vol. 10, No 8, 2014, pp. 825-834. Available at SSRN: https://ssrn.com/abstract=2654767

Oluwatoyin Muse Johnson Popoola (Contact Author)

Universiti Utara Malaysia ( email )

Sintok, Kedah Darul Aman 06010
Malaysia
+60164354874 (Phone)
+6049287216 (Fax)

HOME PAGE: http://ssrn.com/author+2390979

Ayoib Che-Ahmad

Universiti Utara Malaysia ( email )

Sintok, Kedah 06010
Malaysia
+6049287228 (Phone)

Rose Shamsiah Samsudin

Universiti Utara Malaysia, College of Business, School of Accountancy ( email )

Sintok, Kedah 06010
Malaysia
+60194774267 (Phone)

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