Development of the university fraud prevention disclosure index
| DOI | https://doi.org/10.1108/JFC-10-2019-0127 |
| Published date | 20 January 2020 |
| Date | 20 January 2020 |
| Pages | 883-891 |
| Subject Matter | Accounting & Finance,Financial risk/company failure,Financial crime |
| Author | Corina Joseph,Normah Haji Omar,Jennifer Tunga Janang,Mariam Rahmat,Nero Madi |
Development of the university
fraud prevention disclosure index
Corina Joseph
Faculty of Accountancy, Universiti Teknologi MARA Cawangan Sarawak,
Kota Samarahan, Malaysia
Normah Haji Omar
Accounting Research Institute, Universiti Teknologi MARA, Shah Alam, Malaysia
Jennifer Tunga Janang
Faculty of Business and Management,
Universiti Teknologi MARA Cawangan Sarawak, Kota Samarahan, Malaysia, and
Mariam Rahmat and Nero Madi
Faculty of Accountancy, Universiti Teknologi MARA Cawangan Sarawak,
Kota Samarahan, Malaysia
Abstract
Purpose –This paper aims to explain the development of fraud prevention disclosure index (FPDI) for
Malaysianpublic universities.
Design/methodology/approach –The paper reported a comprehensivereview on fraud prevention and
controlplans of several international policies and of local and internationaluniversities.
Findings –The final 8 categories and 100 items underreview have been developed in an instrument, the
proposedFPDI, to measure the level of commitment of public universitiesin preventing fraud.
Research limitations/implications –The FPDI will serveas an evaluation tool to measure the level of
commitmentof public universities toward preventing fraudpractices through disclosure practices
.
Social implications –The FPDI is hoped to inculcate anti-fraudculture amongst public universities and
to promote accountability, widen and strengthen good organization’s ethics, create ethical work place
environment and enhance corporate governance framework by instilling a culture of professional conduct
that is free fromcorruption.
Originality/value –This paper is among the firstpaper that develops the index specifically to measure the
universities’levelof commitment to prevent fraud.
Keywords Fraud prevention, University, Websites, Disclosure
Paper type Conceptual paper
1. Introduction
Frauds are happening everywhere in both private and public sector. Fraud includes
activities such as “theft, corruption, conspiracy, embezzlement, money laundering, bribery
and extortion”(Chartered Institute of Management Accountant (CIMA), 2008). While
corrupt practices include the offering, receiving or soliciting anythingof money to influence
improperly the actions of another party, fraudulent practices construe the act of knowingly
or recklessly misrepresenting or attempting to mislead another party to obtain a financial
benefit or to avoid an obligation (Asian Development Bank [ADB], 2006). Fraudulent
practices also involve “dishonestly obtaining a benefit or causing a loss by deception or
Fraud
prevention
disclosure
index
883
Journalof Financial Crime
Vol.28 No. 3, 2021
pp. 883-891
© Emerald Publishing Limited
1359-0790
DOI 10.1108/JFC-10-2019-0127
The current issue and full text archive of this journal is available on Emerald Insight at:
https://www.emerald.com/insight/1359-0790.htm
To continue reading
Request your trial