|| ABSTRACT | Volume 1, Issue 5, Pages 186-192 (July 2015)
FORENSIC ACCOUNTING AND FRAUD RISK FACTORS: THE INFLUENCE OF FRAUD DIAMOND THEORY
| Rabiu Abdullahi | and | Noorhayati Mansor |. The American Journal of Innovative Research and Applied Sciences. 2015; 1(5)186-192.
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Background: Fraud has become a global phenomenon that attracts the attention of the world’s business organizations towards using the services of forensic accountants to identify the fraud risk factors so as to detect and prevent fraud occurrences. Objective: This paper aimed to identify the fraud risk factors by forensic accountants with the effect of Fraud Dianman Theory (FDT). Result: It was found that the use of FDT by forensic accountants will help to reduce if not to eliminate the phobia of fraud incidences in organizational settings and equally shaped the organization’s thinking to develop a sound and effective detection and preventive measures. Methodology: The paper was designed to use conceptual approach. The information used for the study was obtained from journal articles, textbooks, and the Internet. Conclusion: The discussion of the fraud risk factors will immensely contributes to the understanding of FDT and fraud red flags especially by the government, forensic accountants, auditors, fraud examiners and other anti-fraud bodies as well as the private business owners. The study also serves as guidance for further fraud related research.
Keywords: Fraud, white collar crime theory, fraud triangle, fraud diamond, forensic accounting, red flags.