Index
Contemporary Issues in Audit Management and Forensic Accounting
ISBN: 978-1-83867-636-0, eISBN: 978-1-83867-635-3
ISSN: 1569-3759
Publication date: 10 February 2020
This content is currently only available as a PDF
Citation
(2020), "Index", Grima, S., Boztepe, E. and Baldacchino, P.J. (Ed.) Contemporary Issues in Audit Management and Forensic Accounting (Contemporary Studies in Economic and Financial Analysis, Vol. 102), Emerald Publishing Limited, Leeds, pp. 334-340. https://doi.org/10.1108/S1569-375920200000102002
Publisher
:Emerald Publishing Limited
Copyright © 2020 Emerald Publishing Limited
INDEX
Index
Note: Page numbers followed by “n” with numbers indicate notes.
ABC model
, 134
Academic(s)
, 251
dishonesty
, 2
fraud
, 2
fraud risk factors
, 5
Accident fraud
, 93
Accounting (See also Forensic accounting)
, 205
analysis
, 242
Big Data analyses effects on
, 19–20
education
, 29
finance analysis systems
, 205
manipulation practices
, 45
poor quality accounting information
, 132
scandals
, 174
Adoption
, 313–316
performance
, 317–318
synergy
, 316–317
transparency and visibility
, 319
Age
, 117–118
distribution of respondents
, 120
Aggressive accounting
, 46
American College of Forensic Examiners International (ACFEI)
, 204, 211–212, 215
American Institute of Certified Public Accountants (AICPA)
, 211, 213
Analytical Hierarchy Process (AHP)
, 191, 193–195
for independent audit firm change
, 199
model for independent audit firm selection
, 196
Association of Certified Fraud Examiners/Examination (ACFE)
, 16, 206, 211–213, 246
Association of International Certified Professional Accountants (AICPA)
, 134
Audit quality
, 148, 192–193
big auditing firm correlation with
, 140–141
Auditing
, 204, 288
Big Data analyses effects on
, 19–20
conventional principle of
, 204
firm correlation with audit quality
, 140–141
Auditor, change in
, 142
Bank of Credit and Commerce International scandal
, 101
Bank(s)
, 309–316
fraud
, 266
reputation
, 317–318
Behavioral theories of financial crime
, 269
Behavioural finance
, 112–114
data analysis process
, 119
demographics
, 119–120
determinants of risk appetite and tolerance
, 121
education, age, experience and marital status
, 117–118
heuristics
, 115–117
risk and gender
, 114–115
risk appetite
, 121–122
risk tolerance
, 123–124
sample and data collection process
, 118–119
Beneish model
, 46, 178
classification table for logistic regression analysis
, 185
data set and model
, 179–180
general test of the model’s coefficients
, 185
logistic regression analysis results
, 186
results of study
, 180, 185–186
sample practice with
, 178–186
valuation of financial information manipulation
, 181–185
variables in
, 179
Benford’s Law
, 16–17, 158
chi square value calculation
, 160, 162–164
rule-based expert systems with
, 159–165
Big Data
, 17
analyses and use in forensic accounting area
, 18
analyses effect on forensic accounting area
, 20–22
analyses effects on areas of accounting and auditing
, 19–20
notion and analyses
, 18–19
techniques
, 12
BIST BANK index
, 51–53
BORSA ISTAN BUL
, 137
Borsa İstanbul
, 144
Bounded rationality
, 105, 108
Bribery
, 266, 271
Canada, forensic accounting in
, 215–216
Canadian Coalition Against Insurance Fraud (1994)
, 78
Canadian Institute of Chartered Accountants (CICA)
, 215–216
Classification and Regression Trees (CRT)
, 4
algorithms
, 6
Co-operative identity (see also Maltese co-operatives)
, 279, 292–296
cultural influences
, 280
economic vs. social aspects
, 279–280
enforceability vs. adherence of principles
, 280
implementation of co-operative principles
, 279
importance of basic and ethical values
, 279
preserving
, 280–281
Co-operative Societies Act (CSA)
, 274, 281
Coalition Against Insurance Fraud (CAIF)
, 78, 82
Code of ethics
, 100, 107
Committee of Management (CoM)
, 274, 282–283
Committee of Sponsoring Organizations (COSO)
, 305, 315
Corporate
crimes
, 101
culture
, 17
governance
, 82, 106–107, 133
management
, 42
Corporate frauds
, 100–102, 266
corporate governance
, 106–107
deterrence
, 106–107
fraud triangle
, 103–104
true cost of
, 102–103
Corporate social responsibility (CSR)
, 42, 275–276
Criminals
, 266
investigation
, 248
Criminology
, 213
Cyber financial crime
, 266
Data
base organization
, 83
collection process
, 118–119
management
, 18
mining
, 16–18, 82–83, 87
saturation
, 308
set and method of research
, 144–145
triangulation
, 309
Data analysis
, 18
process
, 119
skills
, 251
Deterrence
corporate fraud
, 106–107
cost
, 100
Digital forensic
experts
, 249
science
, 22
Economic
crisis
, 28
damage calculation
, 248
models
, 2
theory
, 270
Education
, 117–118
background of respondents
, 120
Enron Corporation scandal
, 101–102, 246, 270
Errors
, 156, 174–175
error-preventing systems
, 45
Expert
, 250
systems
, 157–158
testimony
, 60
witness
, 15
External auditors
, 148, 312, 319
External pressure
, 139
factor
, 147
Fault rectification/false reports of theft
, 93
Financial crimes
, 43–44, 78, 87, 266–271
Financial crisis (2008)
, 42, 112
Financial information manipulation
, 42–43
in covering up of financial crimes
, 43–44
domestic literature
, 46–47
effect on investment demands
, 51–53
findings
, 48
findings relevant to content analysis
, 48–51
foreign literature
, 44–46
literature review
, 44
research methodology
, 47–48
Financial stability
, 137–139
Financial statement
, 46, 174
frauds
, 176–178
Forensic accountants (FA)
, 14–15, 204–205, 247
analysis
, 210
in Canada
, 215–216
characteristics of
, 208–209
in determination of fraudulent transaction
, 16–17
determining dispute
, 209
in fraudulent transaction determination
, 16–17
honesty and objectivity
, 207
independence
, 207
mean, standard deviation and percentage for skills of
, 253
meeting with client
, 209
obtaining accurate evidences
, 210
preliminary (initial) research
, 210
preparing action plan
, 210
preparing report
, 210
principles of
, 207–208
professional ethics
, 208
professional skepticism
, 208
SEC and
, 211
services providing by
, 247–249
skills
, 249–250
steps in work of
, 209–210
in United States of America
, 211–215
Forensic accounting
, 12–13, 28, 156–157, 206, 220, 246–247
articles reviewed in framework of research
, 221–230
in Australia
, 23
big data analyses and use in
, 18–23
books reviewed in framework of research
, 240
in Canada
, 215–216
conceptual framework
, 240–242
development
, 14, 210
fields of forensic accounting profession activity
, 14–17
findings
, 242
literature review
, 12–13
methodology
, 220, 240
notion
, 13
rule-based expert systems applications within
, 158–159
theses reviewed in framework of research
, 231–239
in United States of America
, 211–215
Forensic accounting education
, 22–23, 204–205
data and methodology
, 31–32
demographic information
, 33
empirical findings
, 33, 40
expectations from forensic accounting service
, 34–35
literature review
, 29–31
perceived benefits from forensic accounting education
, 36
practices and training related to
, 35–36
profession
, 28–29
reliability and normality test results
, 33–34
teaching method and techniques about
, 36–37
Forensic accounting profession
, 28, 204–205
factors necessitating
, 205–206
Fraud audit
, 15, 62, 220
articles reviewed in framework of research
, 221–230
books reviewed in framework of research
, 240
conceptual framework
, 240–242
findings
, 242
methodology
, 220, 240
theses reviewed in framework of research
, 231–239
“Fraud Diamond” theory
, 132, 134
descriptive statistic test result
, 146
external pressure
, 139
fraud triangle
, 139
pressure factor
, 139
results and discussions
, 145–149
Fraud triangle
, 103–104
theory
, 132, 134
Fraud triangle factors
, 2–3
data collection tool
, 5
findings
, 6–7
method
, 4
sample
, 5
scope and limitation of study
, 3
survey
, 3–4
Fraud(s)
, 3, 13, 15, 78–82, 133, 156, 174–175, 266
conceptual framework
, 240–242
detection
, 87, 133
examiner
, 15
examining
, 15
features and cost
, 175
financial reporting
, 134–137
insurance in Turkey
, 92–93
investigation
, 60–61
myths and facts about
, 175–176
pentagon
, 134
prevention
, 133–134
prevention and detection
, 248
theories explaining causes
, 134
Fraudulent financial reporting
, 48, 133, 147, 177–178
detection
, 137
Gender
distribution of respondents
, 119
risk and
, 114–115
Global Economic Crime and Fraud Survey (2018)
, 100–101
Global Risk Committee (GRC)
, 310, 314–315
Hasselback Faculty of Accounting Index
, 22
Heuristics
, 115–117
“Homo economicus” phenomenon
, 105
Honesty
, 207
Hypothesis
about opportunity element
, 140
related to capability element
, 142–144
related to pressure element
, 137
related to rationalization element
, 142
Independence
, 209, 307, 310
loss of
, 319–320
Independent audit
, 43, 46–49
organization
, 190
service
, 191
Independent audit firm change
, 198–200
AHP model for
, 199
comparison matrix for
, 199
global priorities for
, 200
local priorities for
, 199
Independent audit firm selection
, 191–193, 196–198
AHP
, 193–195
comparison matrix for
, 197
global priorities for
, 197–198
local priorities for
, 197
research findings
, 195–196
Independent Auditing Standard (IAS)
, 175
Inflated claims. See Exaggerated claims
Information
production process
, 42
technologies
, 16, 87
Insider dealing
, 270–271
Insider trading
, 266
Insurance fraud
, 78–79, 266
insurance fraud in Turkey
, 87–93
insurance industry in Turkey
, 83–84
legislation
, 84–85
notification of wrongful insurance practices
, 86–87
official agencies and organizations dealing with
, 85–86
social costs of
, 80–83
types and counter measures
, 78
Insurance Fraud Bureau (SISEB)
, 86
Insurance Fraud Information Sharing System (SİSBİS)
, 86
Insurance Information and Monitoring Center (IIMC)
, 85, 94n4
Insurance policy
, 79, 84–85
Internal audit (IA)
, 315, 318–319, 321
effectiveness
, 305
profession
, 310
Internal audit function (IAF)
, 304–305, 310
benefits of
, 312
regulator analyses
, 311
Internal Audit Guidance for Financial Services
, 317
Internal auditor
, 305, 307, 319
Internal control challenges
, 309
impact of 2008 global financial and economic crisis
, 309–311
acceptance of concept
, 311–313
adoption of concept
, 313–315
implementation of concept
, 315–316
Internal Revenue Service (IRS)
, 14
İstanbul Stock Exchange Corporate Management Index (İMKB Corporate Management Index)
, 47
Judicial accounting
, 61
Judicial advisory
, 58–59, 63
findings
, 65–69
general opinions of lawyers regarding profession
, 72–73
groups of professions to preferred in receiving services
, 69–70
historical development of profession
, 61
lawyers expectation in receiving assistance
, 71–72
literature review
, 62–63
profession
, 59–61
profession in Turkey
, 61–62
qualifications lawyers seeking in
, 71
reliability analysis
, 65
research methods
, 64–65
services to received by lawyers from
, 70–71
Koperattivi Malta
, 274, 276
Line of Defence (LoD)
, 310
adoption benefits
, 316–319
conditions for successful implementation
, 320–321
internal control challenges
, 309–316
methodology
, 307–309
propositions
, 306–307
research questions
, 306
risks
, 319–320
significance of study
, 307
Livestock, insurance fraud in
, 93
M-I-C-E
, 134
Machine learning
, 18, 83
Malta Co-operative Federation
, 274, 276
Malta Financial Services Authority (MFSA)
, 309
banking rules
, 310
Malta Forum for Internal Auditors (MFAI)
, 312
Maltese banks, internal audit in
, 305
Maltese co-operatives (see also Co-operative identity)
, 274–275
analysis
, 278
applicability of social audit and characteristics
, 281–288
associations within co-operative movement
, 277
co-operative identity
, 279–281
limitations
, 278–279
methodology
, 277–279
need for study and objective
, 276
research tool
, 277
SA
, 275–276
sample population
, 277–278
Maltese credit institutions
, 307
governance structures
, 307–308
Money laundering (ML)
, 266
activities
, 267
necessity
, 268
risks of virtual currencies
, 269
Objectivity
, 207, 209
loss of
, 319–320
Openness
, 4–5
Opportunity
, 3
element
, 140, 144
Payment
fraud
, 266
transaction processes
, 45
Perceptions of professional accountants
, 30–31
Pressure
, 103
element
, 137, 144–145
Print theory
, 138–139
Priority vector (PV)
, 194, 196
Private-capitalized banks
, 50–51
Profession of judicial advisory in Turkey
, 61–62
Proportionality
, 320–321
Prospect theory
, 121–122
Quick, Unbiased, Efficient Statistical Trees (QUEST)
, 4
Rationality
, 104, 106
Rationalization
, 3, 104, 148
element
, 142, 144
Reliability
, 209
analysis
, 65
test results
, 33–34
Research for Fraud Diamond theory
data set and method
, 144–145
framework of models
, 138
hypothesis and model
, 137–144
independent variables and measurement
, 144
purpose
, 137
Return on assets (ROA)
, 139–140
Risk appetite
, 121–122
determinants of
, 121
Risk tolerance
, 123–124
determinants of
, 121
Risk-taking behaviour
, 118
Risk(s)
, 319–321
assessment
, 315
and control self-assessments
, 314
estimate value
, 6
and gender
, 114–115
management
, 107
management function
, 310, 314
models
, 315
risk determination, rule-based expert systems with
, 165–168
risk-based concept
, 305
Rule-based expert systems
, 157
applications
, 158–159, 168–169
with Benford’s Law
, 159–165
with risk determination
, 165–168
Sarbanes–Oxley (SOX) Act
, 14, 28, 211
Securities and Exchange Commission (SEC)
, 14, 211
Securities fraud
, 266
sigortam 360 website
, 87
Social audit (SA)
, 275–276, 296–301
applicability and characteristics
, 281–288
applicable to Maltese co-operatives
, 282–286
co-operatives overcoming barriers to
, 282
current statutory audits
, 281
exercise of social auditing
, 281
FAs and
, 287–288
indicators on co-operative principles
, 284–285
marking scheme
, 287
publication and non-publication
, 287
regulation
, 286–287
report
, 287
reporting
, 286
tentative SA model
, 284
Social costs of insurance fraud
, 80
exaggerated claims
, 81–83
fraudulent claims
, 81
Toshiba Corporation scandal
, 102, 135
Triangulation
, 308–309
Trilogy Theory (FTT)
, 134
Turkey
, 220
behavioural finance in
, 113
elderly population in
, 118
fraud insurance in
, 92–93
insurance fraud in
, 87
insurance industry in
, 83–84
investment decisions
, 113
judicial advisory profession in
, 61–62
studies and comments on insurance fraud in
, 87
studies and information attained in Article
, 88–91
Turkish accounting academics
, 246
demographic characteristics of survey respondents
, 253
findings of research
, 252–257
forensic accounting and accountant
, 247
literature review
, 250–251
method of research
, 252
services providing by forensic accountants
, 247–249
skills of forensic accountant
, 249–250
Turkish Accounting Standards (TMS)
, 46
Tyco
, 270
United States of America (USA)
, 211
ACFE
, 211–213
criminology
, 213
financial transactions
, 213
forensic accounting in
, 211
law
, 213
scrutinizing and investigating
, 213
US Securities and Exchange Commission (SEC)
, 28
Volume, velocity, value, veracity, and variety (5V)
, 18
Wall Street Crash (1929)
, 112
Wall Street’s financial scandals
, 270
White-collar crimes
, 143
WorldCom
, 246, 270
Wrongful insurance
, 86
practice notification
, 86–87
- Prelims
- Chapter 1: An Empirical Analysis on Students’ Cheating Behavior and Personality Traits in the Context of Fraud Triangle Factors
- Chapter 2: The Effects of Big Data on Forensic Accounting Practices and Education
- Chapter 3: Forensic Accounting Education: An Evaluation of Perception of Students and Certified Public Accountants
- Chapter 4: Financial Information Manipulation and Its Effects on Investor Demands: The Case of BIST Bank
- Chapter 5: The Current Situation and Prospects of the Profession of Judicial Advisory in Turkey: A Research on Lawyers
- Chapter 6: Insurance Fraud: The Case in Turkey
- Chapter 7: Rationality in Decision-Making and Deterring Corporate Fraud
- Chapter 8: Explaining Heterogeneity in Risk Appetite and Tolerance: The Turkish Case
- Chapter 9: An Analysis of Fraudulent Financial Reporting Using the Fraud Diamond Theory Perspective: An Empirical Study on the Manufacturing Sector Companies Listed on the Borsa Istanbul
- Chapter 10: Detection of Accounting Frauds Using the Rule-Based Expert Systems within the Scope of Forensic Accounting
- Chapter 11: Financial Statement Manipulation: A Beneish Model Application
- Chapter 12: The Evaluation of the Criteria for the Selection and Change of the Independent Audit Firm Using the AHP Method
- Chapter 13: The Forensic Accounting Profession and the Process of Its Development in the World
- Chapter 14: Forensic Accounting and Fraud Audit in Turkey (2008–2018): An Academic Literature Review and Classification
- Chapter 15: The Views of Turkish Accounting Academics about the Skills of the Forensic Accountant
- Chapter 16: Financial Crime: A Review of Literature
- Chapter 17: Social Auditing and Its Applicability to Maltese Co-Operatives
- Chapter 18: Challenging the Adequacy of the Conventional ‘Three Lines of Defence’ Model: A Case Study on Maltese Credit Institutions
- About the Contributors
- Index