An Examination of the Usefulness of Fraud Detection Decision Aid in Assessment of Management Fraud Risk

Authors

Abstract

purpose of this study is testing the usefulness of fraud detection decision aid in assessment of management fraud risk. First, based on literature was prepared fraud detection decision aid and the questionnaire contained, then 600 questionnaires were distributed between the auditors that 255 acceptable questionnaires were received. The survey results showed that the use of fraud detection decision aid reduces auditor's personal judgment errors. Moreover, the simultaneous use of auditor's personal judgment and fraud detection decision aid than only was using decision aid, showed resulting better assessment of managed fraud risk. The test of other hypothesizes showed, by increasing the size of company and reducing the time required to perform auditing works, probability of auditor using with decision aid will increase. The results generally indicate the usefulness of fraud detection decision aid in assessing the management fraud risk.

Keywords


ارباب سلیمانی، عباس .(1379). فرهنگ اصطلاحات حسابرسی، نشریه 138، تهران، سازمان حسابرسی، چاپ اول.
 حامدیان، حامد و وحیدی الیزی، ابراهیم .(1388). "برداشت حسابرسان ایران از کارایی علایم خطر در کشف گزارش‏گری مالی متقلبانه"، مجله تحقیقات حسابداری، شماره سوم، پاییز، ص 197-162.
 حساس یگانه، یحیی؛ داغانی، رضا و اسکو، وحید .(1389). "مدیریت ریسک تقلب"، مجله حسابدار رسمی، شماره20، ص 95-86.
 سنجابی، آرش.(1384). شناسایی عوامل مؤثر بر احتمال وقوع تقلب در گزارش‏گری صورت­های مالی، پایان نامه کارشناسی ارشد حسابداری، دانشگاه تربیت مدرس، دانشکده علوم انسانی.
فرقاندوست حقیقی، کامبیز و برواری، فرید. (1388). "بررسی کاربرد روش­های تحلیلی در ارزیابی ریسک تحریف صورت­های مالی(تقلب مدیریت)"، مجله دانش و پژوهش حسابداری، شماره 16،ص 23-18و 70-65.
فرقاندوست حقیقی، کامبیز و عبدالهی، مجید. (1387). "کاربرد سیستم فازی در کشف تقلب"، دومین کنگره سیستم­های فازی و هوشمند، دانشگاه صنعتی مالک اشتر.
کمیته تدوین استانداردهای حسابرسی. (1385). استانداردهای حسابرسی، تهران، انتشارات سازمان حسابرسی، چاپ هشتم، ص320-280.
Albrecht W, Albrecht CC and Albrecht CO. (2004). "Fraud and corporate executives: agency, stewardship and broken trust". Journal of Forensic Accounting; 5:109-130.
Alon A and Dwyer P. (2010)." The impact of groups and decision aid reliance on fraud risk assessment". Management Research Review, Vol. 33 No. 3, pp. 240-256.
Arkes H, Dawes R and Christensen C. (1986). "Factors influencing the use of a decision rule in a probabilistic task". Organizational Behavior and Human Decision Processes;37: 93-110.
Carpenter, T.D. (2007), ‘‘Audit team brainstorming, fraud risk identification, and fraud risk assessment: implications of SAS No. 99’’, The Accounting Review, Vol. 82 No. 5, pp. 1119-40.
Davis L, Ricchiute D and Trompeter G. (1993). "Audit effort, audit fees, and the provision of non-audit services to audit clients". The Accounting Review (January); 68:135-150.
Eining M, Jones D and Loebbecke J. (1997). "Reliance on decision aids: An examination of auditors' assessment of management fraud". Auditing: A Journal of Practice and Theory; 16:1-19.
Hayes T. (2006). An examination of the factors that influence an auditor’s decisionto use a decision aid in their assessment of management fraud. Dissertation prepared for the degree ofdoctor of philosophy. University of North Texas.
Kleinmuntz, B. (1990). Why we still use our heads instead of formulas: Toward an integrative approach. Psychological Bulletin 107: 296-310.
Loebbecke Jand Willingham J. (1988). "Review of SEC and auditing enforcement releases".Unpublished Working Paper.
Loebbecke J, Eining M, and Willingham J. (1989). "Auditors’ experience with material irregularities: frequency, nature, and detectability". Auditing:A Journal of Practice and Theory; 8:1-28.
O’Keefe T, Simunic D and Stein M. (1994). "The production of audit services: evidence from a major public accounting firm". Journal of Accounting Research;32:241-261.
Pincus K. (1989)." The efficacy of a red flags questionnaire for assessing the possibility of fraud".Accounting, Organizations And Society;14:153-163.
Sorenson,  J.E. and T.L. Sorenson. (1980). Detecting management fraud: Some organizational strategies for the independent auditor. In: Management Fraud: Detection and Deterrence, edited by R.K. Elliott and J.J. Willingham. Princeton, NJ: Petro celli Books.
Stein M, Simunic D and O’Keefe T. (1994)." Industry differences in the production of audit services". Auditing. A Journal of Practice and Theory; 13:128-142.
Todd P and Benbasat I. (1992). "The use of information in decision making: An experimental investigation of the impact of computer-based decision aids". MIS Quarterly; 16:373-393.
Wallace W. (1995). Auditing south-western college publishing. Cincinnati. OH.
Whitecotton S. (1996)." The effects of experience and confidence on decision aid reliance: A causal model". Behavioral Research in Accounting; 8:194- 216