ISSN 2394-5125
 

Research Article 


RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD

Manuelito C. Macailao.

Abstract
Occupational fraud is most likely the leading threat to every organization. As such, higher management is continuously implementing necessary actions to protect their business dealings and activities in partnership with different stakeholders, most especially with the internal audit personnel. Encouraged to have sufficient knowledge on fraud, internal auditors are functionally created and positioned to provide value-adding services to the organization. Thus, the researcher employed a descriptive phenomenological approach to better understand the concept and indicators of fraud as perceived and experienced by the purposively selected fifteen (15) internal auditors worldwide whom the researcher firmly believed they have shared related and relevant information via electronic mail interview. Significant statements were noted and highlighted from the transcribed responses and were grouped into textural and structural descriptions: (1) The Perceived Concept of Occupational Fraud; (2) The Behavioral and Organizational Indicators of Occupational Fraud, and; (3) Essentialities of Understanding the Concept and Indicators of Occupational Fraud. With the changing technical expertise, strategies, complexities, and technological skills of the fraudster in exploiting power, influence, opportunities, and organizational resources for personal satisfaction and occupational advantage, knowing and understanding the concept and indicators of occupational fraud greatly provides a proper guidance to the internal auditors in the conduct of internal audit profession in helping the management and the organization, taken as a whole, in the latter’s continuous pursuit and assessment of fraud prevention, detection, and mitigation measures.

Key words: concept of fraud, fraud indicators, fraudster, internal auditor, occupational fraud


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Manuelito C. Macailao
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Manuelito C. Macailao. RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. JCR. 2020; 7(11): 26-29. doi:10.31838/jcr.07.11.06


Web Style

Manuelito C. Macailao. RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. http://www.jcreview.com/?mno=110821 [Access: May 29, 2020]. doi:10.31838/jcr.07.11.06


AMA (American Medical Association) Style

Manuelito C. Macailao. RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. JCR. 2020; 7(11): 26-29. doi:10.31838/jcr.07.11.06



Vancouver/ICMJE Style

Manuelito C. Macailao. RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. JCR. (2020), [cited May 29, 2020]; 7(11): 26-29. doi:10.31838/jcr.07.11.06



Harvard Style

Manuelito C. Macailao (2020) RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. JCR, 7 (11), 26-29. doi:10.31838/jcr.07.11.06



Turabian Style

Manuelito C. Macailao. 2020. RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. Journal of Critical Reviews, 7 (11), 26-29. doi:10.31838/jcr.07.11.06



Chicago Style

Manuelito C. Macailao. "RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD." Journal of Critical Reviews 7 (2020), 26-29. doi:10.31838/jcr.07.11.06



MLA (The Modern Language Association) Style

Manuelito C. Macailao. "RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD." Journal of Critical Reviews 7.11 (2020), 26-29. Print. doi:10.31838/jcr.07.11.06



APA (American Psychological Association) Style

Manuelito C. Macailao (2020) RAISING THE RED FLAGS: THE CONCEPT AND INDICATORS OF OCCUPATIONAL FRAUD. Journal of Critical Reviews, 7 (11), 26-29. doi:10.31838/jcr.07.11.06