What is it about?
The purpose of this paper is to investigate the causes and impact of employee fraud, focusing on one particular industry, namely, the automotive industry.
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Why is it important?
The results provide further confirmation of the Fraud Triangle Theory and Fraud Diamond Theory on the causes of the fraud. They are also consistent with much prior research and surveys conducted by global professional firms on fraud and its related causes and implications. This study, however, was conducted on only one company with several series of interviews and three years of document analysis. Future research should collect and analyze data from a higher number of companies with more respondents for interviews and longer period for document analysis to get more accurate results.
Perspectives
This study provides some recommendations for fraud prevention in the future based on real fraud cases and those that involved managing cases up to and including disciplinary decision. These include closed supervision, fraud awareness training, clearer job descriptions, cultivation of a pleasant working environment and improved security control.
Dr Ahmad Saiful Azlin Puteh Salin
Universiti Teknologi MARA
Read the Original
This page is a summary of: The causes, impact and prevention of employee fraud, Journal of Financial Crime, October 2016, Emerald,
DOI: 10.1108/jfc-04-2015-0020.
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