Cover Image

A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar

Bank fraud may represent one of the major causes of bankruptcy in the world. Motivated by previous bank fraud cases in India (The Ketan Parekh fraud) and in Dubai (Dubai Islamic Bank scandal), this research aims to focus on fraud in Malaysia's Islamic banks. This research is carried out to iden...

Full description

Saved in:
Bibliographic Details
Main Authors: Abdul Rahman, Rashidah, Khair Anwar, Irda Syahira, M. Jaafar, Noor Faiza
Format: Research Reports
Language:English
Published: Research Management Institute (RMI) 2012
Subjects:
Banking
Financial management. Business finance. Corporation finance
Online Access:http://ir.uitm.edu.my/id/eprint/21747/1/LP_RASHIDAH%20ABDUL%20RAHMAN%20RMI%2012_5.pdf
http://ir.uitm.edu.my/id/eprint/21747/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uitm.ir.21747
record_format eprints
spelling my.uitm.ir.217472018-10-03T06:23:20Z http://ir.uitm.edu.my/id/eprint/21747/ A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar Abdul Rahman, Rashidah Khair Anwar, Irda Syahira M. Jaafar, Noor Faiza Banking Financial management. Business finance. Corporation finance Bank fraud may represent one of the major causes of bankruptcy in the world. Motivated by previous bank fraud cases in India (The Ketan Parekh fraud) and in Dubai (Dubai Islamic Bank scandal), this research aims to focus on fraud in Malaysia's Islamic banks. This research is carried out to identify the common types of bank fraud that frequently happen in Islamic banks, the underlying determinants and the amount of losses as a result of fraud cases. Also, this study aims to- provide an insight on the perception of bankers towards the effectiveness of fraud prevention and detection techniques in Malaysian Islamic banks. In addition, this study aims to contribute an empirical analysis on the comparison between demographic variables such as gender, education level and working experience in banking industry towards the level of effectiveness of fraud prevention and detection techniques. The targeted respondents are among managers and officers within Islamic banks in Malaysia. Out of total the 255 questionnaires sent to the respondents, 146 responses were received, giving a response rate of 57.25%. The findings indicated the protection software/application as the most effective components of fraud prevention techniques. Meanwhile, bank reconciliation, password protection and internal control review and improvement represents as the most effective techniques when assessing independently. The results also show that there are no significant differences between gender, education level and working experience of a banker towards the level of effectiveness of fraud prevention and detection techniques. This study hopefully will benefit both academicians and practitioners in term of evaluation of the current level of protection against bank fraud in Malaysia. Research Management Institute (RMI) 2012 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/21747/1/LP_RASHIDAH%20ABDUL%20RAHMAN%20RMI%2012_5.pdf Abdul Rahman, Rashidah and Khair Anwar, Irda Syahira and M. Jaafar, Noor Faiza (2012) A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar. [Research Reports] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Banking
Financial management. Business finance. Corporation finance
spellingShingle Banking
Financial management. Business finance. Corporation finance
Abdul Rahman, Rashidah
Khair Anwar, Irda Syahira
M. Jaafar, Noor Faiza
A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
description Bank fraud may represent one of the major causes of bankruptcy in the world. Motivated by previous bank fraud cases in India (The Ketan Parekh fraud) and in Dubai (Dubai Islamic Bank scandal), this research aims to focus on fraud in Malaysia's Islamic banks. This research is carried out to identify the common types of bank fraud that frequently happen in Islamic banks, the underlying determinants and the amount of losses as a result of fraud cases. Also, this study aims to- provide an insight on the perception of bankers towards the effectiveness of fraud prevention and detection techniques in Malaysian Islamic banks. In addition, this study aims to contribute an empirical analysis on the comparison between demographic variables such as gender, education level and working experience in banking industry towards the level of effectiveness of fraud prevention and detection techniques. The targeted respondents are among managers and officers within Islamic banks in Malaysia. Out of total the 255 questionnaires sent to the respondents, 146 responses were received, giving a response rate of 57.25%. The findings indicated the protection software/application as the most effective components of fraud prevention techniques. Meanwhile, bank reconciliation, password protection and internal control review and improvement represents as the most effective techniques when assessing independently. The results also show that there are no significant differences between gender, education level and working experience of a banker towards the level of effectiveness of fraud prevention and detection techniques. This study hopefully will benefit both academicians and practitioners in term of evaluation of the current level of protection against bank fraud in Malaysia.
format Research Reports
author Abdul Rahman, Rashidah
Khair Anwar, Irda Syahira
M. Jaafar, Noor Faiza
author_facet Abdul Rahman, Rashidah
Khair Anwar, Irda Syahira
M. Jaafar, Noor Faiza
author_sort Abdul Rahman, Rashidah
title A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
title_short A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
title_full A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
title_fullStr A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
title_full_unstemmed A study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / Rashidah Abdul Rahman, Irda Syahira Khair Anwar and Noor Faiza M. Jaafar
title_sort study on the effectiveness of fraudulent financial statements prevention & detection methods from users perspective / rashidah abdul rahman, irda syahira khair anwar and noor faiza m. jaafar
publisher Research Management Institute (RMI)
publishDate 2012
url http://ir.uitm.edu.my/id/eprint/21747/1/LP_RASHIDAH%20ABDUL%20RAHMAN%20RMI%2012_5.pdf
http://ir.uitm.edu.my/id/eprint/21747/
_version_ 1685649511842578432
score 13.211869

Similar Items