Understanding financial reporting fraud in Egypt: evidence from the audit field

This study expands our knowledge and understanding of financial reporting fraud in Egypt by drawing on the perceptions of experienced international and Big 4 auditors in that country. In particular, it explores (1) how common financial reporting fraud is in Egypt, (2) the perpetrators and victims of...

Full description

Saved in:
Bibliographic Details
Published in:Third world quarterly 2019-11, Vol.40 (11), p.1996-2015
Main Author: Kassem, Rasha
Format: Article
Language:English
Subjects:
Audit committees
Audits
Egypt
Enforcement
external auditors
Financial reporting
Financial reporting fraud
Fraud
fraud detection
fraud risk assessment
Governance
Investors
Knowledge
Money
Perpetrators
Prevention
Risk assessment
Victims
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study expands our knowledge and understanding of financial reporting fraud in Egypt by drawing on the perceptions of experienced international and Big 4 auditors in that country. In particular, it explores (1) how common financial reporting fraud is in Egypt, (2) the perpetrators and victims of financial reporting fraud in Egypt and (3) how financial reporting fraud is committed and concealed in Egypt. The study sheds light on generic issues that could have implications for auditors and audit regulators. In addition, the study provides a detailed guide on how financial reporting fraud schemes are committed and concealed in Egypt, knowledge of which could help auditors design effective audit tests to assess fraud risk and help those charged with governance to design effective prevention and detection techniques. Egypt could be an attractive destination for international investors, therefore knowledge of the nature and victims of fraud in Egypt could help investors make informed decisions about where to invest their money. The results of this study could also help regulators in Egypt as well as World Trade Organizations determine where to focus their support and enforcement efforts.
ISSN:0143-6597
1360-2241
DOI:10.1080/01436597.2019.1626709