Repository logo
 

Research Publications (Accounting and Informatics)

Permanent URI for this collectionhttp://ir-dev.dut.ac.za/handle/10321/212

Browse

Subject: search.filters.subject.New fraud combination theory

Search Results

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    How can new fraud combination theory help forensic auditors and external auditors in fraud risk assessments?
    (2023-06-02) Mvunabandi, Jean Damascene
    The International Standards on Auditing (ISA) 240 requires auditors to assess the risk of material misstatements due to fraud. The ISA (240:4) further notes that the three factors of the Fraud Triangle theory propounded by Donald Cressey should be incorporated into the audit plan. It appears that auditors’ knowledge and understanding of fraud is limited due to inadequacies of ISA 240. This article considers a theoretical review of other relevant fraud theories, literature was reviewed and the researchers recommend that the robust new fraud combination theory should greatly assist forensic auditors and external auditors to identify and assess fraud and perform effective fraud risk assessments. This study significantly contributes to the current body of knowledge by introducing the New Fraud Combined Theory, a consolidation of all the fraud models and contributory fraud risk factors for fraudulent activities enable external auditors and forensic practitioners to effectively perform fraud risks assessments (FRAs) robustly. This research will guide researchers to further research on the subject matter.
  • Thumbnail Image
    Item
    Factors affecting non-government organizations’ financial statement fraud in South Africa : new fraud combined theory approach
    (2022-11-28) Mvunabandi, Jean Damascene; Bomi, Cyril Nomlala
    This article aims to obtain empirical evidence about the relationship between New Fraud Combined Theory with non-government organizations’ financial statement fraud in South Africa. The population of this thesis research comprised 87 staff from 30 chosen Non-Government organizations (NGOs). The sample size of 87 was calculated using Raosft Software. A convenience sampling technique was used to select the study’s respondents. This article adopted quantitative and descriptive survey research. A Likert questionnaire was designed and used as the research instrument for generating data from respondents. Robustness analysis was entirely performed using descriptive statistics. The result of this research indicated that all variables have a significant association with fraudulent financial statements among NGOs in the eThekwini region, South Africa. This article contributes to the body of knowledge: the significant association between auditing and financial statement fraud mitigation accentuates the new fraud combined theory which belies that effective corporate governance will significantly curb financial statement fraud among NGOs in the eThekwini region and beyond