Staff View: Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din

Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din

For a business, financial statements represent formal documentary records that outline the financial activities of an entity. They present both the financial performance and the financial position of the business as clearly and concisely as possible for different stakeholders of the entity. The most...

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Main Authors:	Omar, Normah, Mohamad, Intan Salwani, Mohamed Din, Hesri Faizal
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2013
Subjects:	Financial management. Business finance. Corporation finance Fraud. Swindling. Confidence games
Online Access:	http://ir.uitm.edu.my/id/eprint/25123/1/LP_NORMAH%20OMAR%20RMI%2013_5.pdf http://ir.uitm.edu.my/id/eprint/25123/
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id	my.uitm.ir.25123
record_format	eprints
spelling	my.uitm.ir.251232019-08-06T03:52:25Z http://ir.uitm.edu.my/id/eprint/25123/ Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din Omar, Normah Mohamad, Intan Salwani Mohamed Din, Hesri Faizal Financial management. Business finance. Corporation finance Fraud. Swindling. Confidence games For a business, financial statements represent formal documentary records that outline the financial activities of an entity. They present both the financial performance and the financial position of the business as clearly and concisely as possible for different stakeholders of the entity. The most common financial statements of a business entity are balance sheet, income statement, cash flow statement and shareholders/owner's equity statement. Other forms of secondary financial statements include statement of retained earnings, pro forma financial statements, Interim financial information and.notes to the accounts. If prepared professionally, financial statements provide pertinent and useful information to reflect the company's health and state of being. In an effort to portray "good financial performance" or "favorable financial position", companies, through their "agents"1 commit financial statement fraud. Generally, financial statement fraud constitutes "deliberate misstatements or omissions of amounts or disclosures of financial statements to deceive financial statement users, particularly investors and creditors". Some of the most popular forms of financial statement fraud involve methodologies such as recognizing "fictitious revenue"; taking advantage of the "timing difference" when matching revenue with expenditure; improper "asset valuations"; concealing liabilities and expenses and improper disclosures of financial and non-financial information. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/25123/1/LP_NORMAH%20OMAR%20RMI%2013_5.pdf Omar, Normah and Mohamad, Intan Salwani and Mohamed Din, Hesri Faizal (2013) Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din. [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	Financial management. Business finance. Corporation finance Fraud. Swindling. Confidence games
spellingShingle	Financial management. Business finance. Corporation finance Fraud. Swindling. Confidence games Omar, Normah Mohamad, Intan Salwani Mohamed Din, Hesri Faizal Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
description	For a business, financial statements represent formal documentary records that outline the financial activities of an entity. They present both the financial performance and the financial position of the business as clearly and concisely as possible for different stakeholders of the entity. The most common financial statements of a business entity are balance sheet, income statement, cash flow statement and shareholders/owner's equity statement. Other forms of secondary financial statements include statement of retained earnings, pro forma financial statements, Interim financial information and.notes to the accounts. If prepared professionally, financial statements provide pertinent and useful information to reflect the company's health and state of being. In an effort to portray "good financial performance" or "favorable financial position", companies, through their "agents"1 commit financial statement fraud. Generally, financial statement fraud constitutes "deliberate misstatements or omissions of amounts or disclosures of financial statements to deceive financial statement users, particularly investors and creditors". Some of the most popular forms of financial statement fraud involve methodologies such as recognizing "fictitious revenue"; taking advantage of the "timing difference" when matching revenue with expenditure; improper "asset valuations"; concealing liabilities and expenses and improper disclosures of financial and non-financial information.
format	Research Reports
author	Omar, Normah Mohamad, Intan Salwani Mohamed Din, Hesri Faizal
author_facet	Omar, Normah Mohamad, Intan Salwani Mohamed Din, Hesri Faizal
author_sort	Omar, Normah
title	Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
title_short	Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
title_full	Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
title_fullStr	Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
title_full_unstemmed	Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din
title_sort	financial fraud risks and internal control system of malaysian companies : extending the fraud triangle theory to fraud diamond theory / prof dr normah hj omar, dr intan salwani mohamad and hesri faizal mohamed din
publisher	Research Management Institute (RMI)
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/25123/1/LP_NORMAH%20OMAR%20RMI%2013_5.pdf http://ir.uitm.edu.my/id/eprint/25123/
_version_	1685649955524444160
score	13.211869

Financial fraud risks and internal control system of Malaysian companies : extending the fraud triangle theory to fraud diamond theory / Prof Dr Normah Hj Omar, Dr Intan Salwani Mohamad and Hesri Faizal Mohamed Din

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