2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management
| Format: | General Document |
|---|
| _version_ | 1860798074022002688 |
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| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 |
| copyright | Copyright©PWB2025 |
| country | Malaysia |
| date | 2023-06-25 |
| format | General Document |
| id | 15773 |
| institution | UniSZA |
| internalnotes | Sila masukkan subject wajib Dissertations, Academic. Terima kasih... |
| originalfilename | 15773_9809773e04e4df2.pdf |
| person | Radziah Binti Mohd Dani |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15773 |
| sourcemedia | Server storage Scanned document |
| spelling | 15773 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=15773 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection3 General Document Malaysia Library Staff (Top Management) Library Staff (Management) Library Staff (Support) Terengganu Faculty of Business and Management English application/pdf 1.5 Server storage Scanned document Universiti Sultan Zainal Abidin UniSZA Private Access Universiti Sultan Zainal Abidin SAMBox 2.3.4; modified using iTextSharp™ 5.5.10 ©2000-2016 iText Group NV (AGPL-version) Copyright©PWB2025 Government accountability 391 2023-06-25 15773_9809773e04e4df2.pdf Radziah Binti Mohd Dani Effects Of Fraud Risk Factors Asset Misappropriations Public Sector Role Of Enterprise Risk Management Fraud—Risk management—Public sector Asset misappropriation Enterprise risk management Corruption—Prevention 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management Asset misappropriation remains a major problem in the Malaysian public sector and continues to attract widespread attention. It represents a type of occupational frauds and can be perpetrated externally or internally. Report on occupational fraud and abuse on global fraud study in 2020 stated that asset misappropriation occurs in 86% of fraud cases and results in huge losses (ACFE, 2020). PricewaterhouseCoopers reported that 70% of all economic crimes in Malaysia which occurred since 2020 involved asset misappropriation, corruption, consumer fraud and cybercrime. To date, Fraud Triangle Theory (FTT) forms the basis of most fraud studies. The theory is based on three-factor which was expanded to Fraud Diamond Theory (FDT) with four factors and Fraud Pentagon Theory (FPT) with five factors. However, there are limited studies which examined the five factors of FPT in the government sector. Accordingly, this research examines the effects of the five fraud risk factors on asset misappropriation in the Malaysian public sector. These factors are perceived pressure, perceived opportunity, rationalisation, capability and arrogance. The study differs from prior research in that it also investigates the moderating effect of Enterprise Risk Management (ERM) practices on the relationships between the risk factors and asset misappropriation. This is a deductive study, explanatory in nature and cross-sectional in terms of time horizon. The target population of this study comprises of officers of the Malaysian public sector. Structured questionnaires were developed and distributed to a total of 652 respondents who were chosen based on cluster and proportionate stratified random sampling. From the total distribute questionnaires, 300 were returned and used in the final analysis. Data was analysed using IBM SPSS (25.0) and IBM SPSS-AMOS (24.0) software. The study reveals that each of the five fraud risk factors has a positive effect on asset misappropriation. Furthermore, the result shows that the ERM practice moderates the effect of the fraud risk factors on asset misappropriation. This research provides new evidence and support for the FPT relating to asset misappropriation and the importance of ERM practices to mitigate frauds in the Malaysian public sector. Meanwhile, due to time constraints and accessibility, this study only covers five (5) districts based on the Accountant General Department’s classification, which may contribute to the limitation of this study. However, unlike previous research, the study focuses on occupational frauds, specifically asset misappropriation in the public sector, a subject that has received less attention. Furthermore, this study is one of a few that examines the asset misappropriation problem as a unit of analysis on individual employees. The findings shall assist government officials and policymakers in improving efforts and devising ways to reduce occupational frauds in the public sector. Dissertations, Academic Sila masukkan subject wajib Dissertations, Academic. Terima kasih... Thesis |
| spellingShingle | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| state | Terengganu |
| subject | Government accountability Fraud—Risk management—Public sector Asset misappropriation Enterprise risk management Corruption—Prevention Dissertations, Academic |
| summary | Asset misappropriation remains a major problem in the Malaysian public sector and continues to attract widespread attention. It represents a type of occupational frauds and can be perpetrated externally or internally. Report on occupational fraud and abuse on global fraud study in 2020 stated that asset misappropriation occurs in 86% of fraud cases and results in huge losses (ACFE, 2020). PricewaterhouseCoopers reported that 70% of all economic crimes in Malaysia which occurred since 2020 involved asset misappropriation, corruption, consumer fraud and cybercrime. To date, Fraud Triangle Theory (FTT) forms the basis of most fraud studies. The theory is based on three-factor which was expanded to Fraud Diamond Theory (FDT) with four factors and Fraud Pentagon Theory (FPT) with five factors. However, there are limited studies which examined the five factors of FPT in the government sector. Accordingly, this research examines the effects of the five fraud risk factors on asset misappropriation in the Malaysian public sector. These factors are perceived pressure, perceived opportunity, rationalisation, capability and arrogance. The study differs from prior research in that it also investigates the moderating effect of Enterprise Risk Management (ERM) practices on the relationships between the risk factors and asset misappropriation. This is a deductive study, explanatory in nature and cross-sectional in terms of time horizon. The target population of this study comprises of officers of the Malaysian public sector. Structured questionnaires were developed and distributed to a total of 652 respondents who were chosen based on cluster and proportionate stratified random sampling. From the total distribute questionnaires, 300 were returned and used in the final analysis. Data was analysed using IBM SPSS (25.0) and IBM SPSS-AMOS (24.0) software. The study reveals that each of the five fraud risk factors has a positive effect on asset misappropriation. Furthermore, the result shows that the ERM practice moderates the effect of the fraud risk factors on asset misappropriation. This research provides new evidence and support for the FPT relating to asset misappropriation and the importance of ERM practices to mitigate frauds in the Malaysian public sector. Meanwhile, due to time constraints and accessibility, this study only covers five (5) districts based on the Accountant General Department’s classification, which may contribute to the limitation of this study. However, unlike previous research, the study focuses on occupational frauds, specifically asset misappropriation in the public sector, a subject that has received less attention. Furthermore, this study is one of a few that examines the asset misappropriation problem as a unit of analysis on individual employees. The findings shall assist government officials and policymakers in improving efforts and devising ways to reduce occupational frauds in the public sector. |
| title | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| title_full | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| title_fullStr | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| title_full_unstemmed | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| title_short | 2023_The Effects of Fraud Risk Factors on Asset Misappropriations in The Public Sector and The Moderating Role of Enterprise Risk Management |
| title_sort | 2023_the effects of fraud risk factors on asset misappropriations in the public sector and the moderating role of enterprise risk management |