SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Malau, Walter Cameron, Ohalehi, Paschal, Badr, Eldin Soha and Yekini, Kemi (2021) 'Fraud interpretation and disclaimer audit opinion: Evidence from the Solomon Islands public sector (SIPS).' Managerial Auditing Journal, 36 (2). pp. 240-260.

[img]
Preview
Text - Accepted Version
Download (337kB) | Preview

Abstract

PURPOSE: Financial transactions fraud (FTF) and financial statements fraud (FSF) grew exponentially during the past decades coupled with complex and sophisticated technological developments. This study aims to investigate the practitioners’ interpretation of fraud with recurring audit issues in the disclaimer audit opinions (DAOs) reports within the Solomon Islands public sector (SIPS). // DESIGN/METHODOLOGY/APPROACH: The empirical study involves qualitative data analysis. The analysis alongside theoretical developments is informed by the “fraud triangle” theory. // FINDINGS: The research results revealed the practitioners’ acknowledgement of FSF, FTF and fraud in the SIPS, as generally prevalent and aligned to some components of the fraud triangle theory. This study is sceptic about the good intentions of the International Public-Sector Accounting Standards –Cash-basis framework and favours the Provincial Government Act 1997 and the Public Finance Management Act 2013 requirements. It further suggests that fraud is positively linked to repeated audited report issues and the executive management when DAOs issues appear repeatedly in annual audit reports. // ORIGINALITY/VALUE: This study contributes to the literature on fraud and attempts to link the interpretation of fraud with recurring audit issues in the DAOs reports in the SIPS. It views fraud awareness and knowledge from the perspective of the audit practitioner. There is an increasing need to understand how fraud knowledge impacts decision making and the actions of auditors and others, an area that is underdeveloped.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > School of Finance & Management
ISSN: 02686902
Copyright Statement: © 2019 Emerald Publishing Limited. This is the accepted manuscript of an article published by Emerald in Managerial Auditing Journal, available online: https://doi.org/10.1108/MAJ-04-2018-1867
DOI (Digital Object Identifier): https://doi.org/10.1108/MAJ-04-2018-1867
Date Deposited: 08 Jan 2020 08:47
URI: https://eprints.soas.ac.uk/id/eprint/32118

Altmetric Data

Statistics

Download activity - last 12 monthsShow export options
Downloads since deposit
6 month trend
498Downloads
6 month trend
218Hits
Accesses by country - last 12 monthsShow export options
Accesses by referrer - last 12 monthsShow export options

Repository staff only

Edit Item Edit Item