Paper Title :Forensic Accounting from Fraud Pentagon Perspective of Fraudulent Financial Statements in Malaysia: A Concept Paper

Author :Mohamad Ezrien Mohamad Kamal, Mohamad Shahrilisahak, Yusrihazrol Yusoff, Halil Paino

Article Citation :Mohamad Ezrien Mohamad Kamal ,Mohamad Shahrilisahak ,Yusrihazrol Yusoff ,Halil Paino , (2023 ) " Forensic Accounting from Fraud Pentagon Perspective of Fraudulent Financial Statements in Malaysia: A Concept Paper " , International Journal of Management and Applied Science (IJMAS) , pp. 20-23, Volume-9,Issue-2

Abstract : Fraudulent financial statements (FFS) have increased frequency in the last several years. FFS primarily consists of manipulating elements by overstating assets, sales, and profit or by understating liabilities, expenses, or losses. According to Statement of Auditing Standards 99 and 113, the auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. However, during the past several years, financial and accounting fraud has appeared in the headlines of mainstream news worldwide. Although accounting fraud is not a new phenomenon, recent cases involve much larger sums than previously. The proposed study will understand factors that influence fraudulent financial statements. Keywords - Fraudulent Financial Statements (FFS);Fraud Detection;Fraud Pentagon Theory;Fraudulent Financial Reporting

Type : Research paper

Published : Volume-9,Issue-2

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