Fraud mitigation tool for public sector agencies in Malaysia / Nor Aishah Mohd Ali … [et al.]

Mohd Ali, Nor Aishah and Abu, Nor ‘Ashikin and Hussain, Wan Shafizah and Nordin, Enylina and Md Shah, Abd Malek (2021) Fraud mitigation tool for public sector agencies in Malaysia / Nor Aishah Mohd Ali … [et al.]. In: E-Proceeding for Asian Conference on Business, Economics and Social Science (ACBESS). Center for Islamic Philanthropy and Social Finance (CIPSF), Alor Gajah, p. 80.

Abstract

This paper aims to develop a fraud management tool for public sector agencies in Malaysia. This study employed mixed method where firstly the study was conducted on a sample of 150 respondents consists of account personnel from 16 government agencies in one of the states in Malaysia. A survey instrument consists of 47 measurement items was designed to identify the level of financial fraud prevention management practices in government agencies setting. Descriptive statistical analysis and reliability analysis were used to analyse the data using the SPSS software. Later, a qualitative stance was utilized by conducting a focus group among the accountant of public sector agencies to elicit depth information on how fraud management practiced in their agencies. The findings indicate that fraud management tool is inevitable in the government agencies alas the importance of managing fund allocated by the state government. Majority of the accountant agreed that lack of integrity is the main factor contributing to the incidence of financial fraud in the government agencies. Adequate internal control system is established within the agencies but opportunities coupled with dishonesty allowed such financial fraud occurred. The respondents agrees that people, good governance, technology, and legal element in preventing, responding as well as detecting any financial fraud possibilities within the government agencies are crucial factors for successful fraud mitigation tool framework within the government agencies. This study only considered the account personnel within one state. For practical implications, the proposed model can be utilized by public sector agencies in other states. This study provides important information for decision makers involved in successful implementation of financial fraud prevention practices among the government agencies.

Metadata

Item Type: Book Section
Creators:
Creators
Email / ID Num.
Mohd Ali, Nor Aishah
aishah72@uitm.edu.my
Abu, Nor ‘Ashikin
UNSPECIFIED
Hussain, Wan Shafizah
UNSPECIFIED
Nordin, Enylina
UNSPECIFIED
Md Shah, Abd Malek
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HV Social pathology. Social and public welfare. Criminology > Fraud. Swindling. Confidence games
H Social Sciences > HV Social pathology. Social and public welfare. Criminology > Fraud. Swindling. Confidence games > Malaysia
Divisions: Universiti Teknologi MARA, Melaka > Alor Gajah Campus
Page Range: p. 80
Keywords: Financial Fraud; State Government Agencies; Internal Control; Organizational Governance; Asset and Financial Management
Date: 2021
URI: https://ir.uitm.edu.my/id/eprint/51978
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