The role of internal accounting controls in preventing and detecting financial statement fraud : a qualitative Dutch study

Lintsen, Tijmen (2017) The role of internal accounting controls in preventing and detecting financial statement fraud : a qualitative Dutch study.

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Abstract:This thesis investigates the effect internal control systems have on financial statement fraud in the Netherlands. It aims to provide insights on why internal control systems failed to prevent fraud and how it can prevent fraud in the future. Multiple case studies of major Dutch fraud cases are analyzed using the CRIME model developed by Rezaee (2005). In addition to that interviews are held with six employees working at a major accountancy firm. Results show that the most important dangers to internal control systems are management override and collusion. The risk of management override can be minimized by proper segregation of duties. The risk of collusion can be minimized by investing in soft controls. An effective internal control system requires a combination of the right hard controls and soft controls.
Item Type:Essay (Master)
Clients:
KPMG, Enschede, Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/72360
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