Fraud Risk Factors and Fraud Risk Assessment of Government Agencies

Asian Administration & Management Review, Vol. 2, No. 1, 2019

12 Pages Posted: 8 Apr 2019

See all articles by Piyaphisak Jearasukon

Piyaphisak Jearasukon

School of Accounting, Sripatum University, Thailand

Suree Bosakoranut

Sripatum University - School of Accountancy

Date Written: January 1, 2019

Abstract

The purposes of this research were to (1) determine risk factors and fraud types through social reality, (2) analyze risk factors on fraud, and (3) create a fraud risk assessment model and the development program for fraud risk assessment. This research was carried out by both qualitative and quantitative methods. The population consisted of external auditors under the State Audit Office of the Kingdom of Thailand, internal auditors of Provincial Administrative Organization, internal auditors of Municipality, and internal auditors of City Municipality, a total of 461 persons. The research instruments were interview forms, questionnaires, and fraud risk assessment models. The statistics for data analysis included mean, standard deviation, exploratory factor analysis, and basic math operation. The research findings revealed that: (1) risk factors and risk types through social reality consisted of 26 variables, the mean was between 3.34 - 3.92, and the standard deviation was between 1.007- 1.080, which were from moderate to high level, averagely, (2) risk factors on fraud consisted of 3 factors described by 26 variables, which were (1) compliance risk factors described by 11 variables, (2) financial risk factors described by 9 variables, and (3) personal risk factors described by 6 variables, and 3) fraud risks assessment model and program for fraud risk assessment which consisted of 4 factors, which were (1) data about agencies, (2) operation risk assessment model (Operation Risk: π), (3) risk factor scores assessment model (risk
factors: RFS), and (4) internal control assessment model. (Internal Control: IC) and this research to develop program for fraud risk factor assessment on Microsoft excel program.

Keywords: Risk, Fraud, Corruption, Assessment Model, Auditing Governance

Suggested Citation

Jearasukon, Piyaphisak and Bosakoranut, Suree, Fraud Risk Factors and Fraud Risk Assessment of Government Agencies (January 1, 2019). Asian Administration & Management Review, Vol. 2, No. 1, 2019, Available at SSRN: https://ssrn.com/abstract=3368000

Piyaphisak Jearasukon (Contact Author)

School of Accounting, Sripatum University, Thailand ( email )

2410/2 Phahonyothin Road, Chatuchak
Bangkok 10900
Thailand

Suree Bosakoranut

Sripatum University - School of Accountancy ( email )

61 Phaholyothin Road, Jatujak
Bangkok, 10900
Thailand

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