EFFECT OF OPPORTUNITY AND RATIONALIZATION ON FINANCIAL STATEMENT FRAUD IN DEPOSIT MONEY BANKS (DMBS)
Keywords:
Opportunity, Rationalisation, Financial Statement Fraud, Deposit Money BanksAbstract
This study examines the effect of opportunity and rationalization on the financial statement fraud pentagon of deposit money banks in Nigeria. The study adopts the ex post facto research design was used in the study. The population comprised thirteen (13) Deposit Money Banks listed on the Nigerian Exchange Group (NGX) as at end of 2021. To assure the homogeneity of the sample, the study uses the purposive sampling technique, which is predicated on the use of a comprehensive data set. The study made use of secondary source data. The sources were the audited yearly financial reports and account from 2012 to 2021. The Hausman test selected the random effects model over the fixed effects model. The results revealed that there is a significant (negative) relationship between opportunity and financial statement fraud in deposit money banks, rationalisation and financial statement fraud in deposit money banks. Based on this the study recommends that auditors review the availability of opportunities during the review of financial transactions. They should look for the tendency to rationalise that some employees have because it plays a role in the fraud. The results showed that the audit tasks of risk assessment, system audit, and financial report verification are very important when the psychological trait of rationalisation is well understood.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
