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    • ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
HOME > Archive > 2014 > Volume 5 Number 2 (April 2014) >
IJTEF 2014 Vol.5(2): 184-186 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.367

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Financial Statement Fraud: A Case Examination Using Beneish Model and Ratio Analysis

Normah Omar, Ridzuan Kunji Koya, Zuraidah Mohd Sanusi, and Nur Aima Shafie
Abstract—Fraud is a major concern for organizations world-wide. Governments and regulators are now focusing on management’s responsibility for effective fraud management programs. It is not a matter whether your organization is large or small or what country or industry your organization is in, as long as humans are involved in organizations, the risk of fraud is real. This paper discusses a local case and our analyses are basically subjected to how the fraud was committed and the detection techniques involved. Beneish Model and Ratios Analysis were selected as detection tools in reference to this case. Being the best tools chosen for this case, those techniques will benefit the auditors and other professionals. They can learn these simple, yet effective methods of financial statement fraud detection. Legal implications and its uses will also be discussed in this paper.

Index Terms—Fraud management, detection techniques, beneish model, legal implications.

N. Omar and Z. Mohd Sanusi are with the Accounting Research Institute, Universiti Teknologi MARA, 40450 Shah Alam, Selangor, Malaysia (e-mail: normah645@salam.uitm.edu.my, zuraidahms@salam.uitm.edu.my).
R. Kunji Koya was with the Universiti Teknologi MARA (e-mail: normah645@ salam.uitm.edu.my).
N. A. Shafie is with the Faculty of Accountancy, University Teknologi MARA, 40450, Shah Alam, Malaysia (e-mail: ishaiman87@gmail.com).

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Cite: Normah Omar, Ridzuan Kunji Koya, Zuraidah Mohd Sanusi, and Nur Aima Shafie, "Financial Statement Fraud: A Case Examination Using Beneish Model and Ratio Analysis," International Journal of Trade, Economics and Finance vol.5, no.2, pp. 184-186, 2014.

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