There has been much debate about the auditor’s role in fraud detection. Since auditors lack sufficient skill and experience to have a reasonable chance of detecting fraud, it is argued they should look to other disciplines for useful knowledge. This book draws on criminology, psychology and sociology to put forward a model of fraud aetiology which was tested in a study of major fraud offenders. Attention then focuses on a survey of auditor’s experience in detecting material irregularities in the financial statements which tested the usefulness of an eclectic fraud detection model that includes the fraud aetiology model as one of its components.
Frankfurt/M., Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2001. 188 pp., num. fig. and tables
Contents: Fraud Aetiology – Auditors and Fraud Detection Internationally – Models of Fraud Aetiology and Fraud Detection
– Profiling Major Fraud Offenders in Positions of Financial Trust – A Survey of Auditor’s Experience with Fraud Detection
– Policy Implications.