a critique
A CRITIQUE OF A FRAUD DETECTION MODEL: A MUST FOR AUDITORS BY MARIA KRAMBIA-KAPARDIS
This article was published in March 2002. It addresses a fundamental issue in financial regulation-that of auditors ability to detect material irregularities. The paper provides a critique of existing fraud aetiology models and then describes the ROP fraud Risk-Assessment Model constructed by the author in a study of convicted serious fraud offenders in Australia. The main concern of this of the paper is with the eclectic fraud detection model (EFD) of which the ROP model is a component. The EFD model is aimed at enhancing the auditor’s fraud detection ability, it has been constructed by the author and its utility successfully tested in Australia in a survey of auditors.
The author chose to use a title that creates suspense. I would suggest that the author could have used a title like-Eclectic Fraud Detection Model-just to be clear of what the article is all about so that for somebody searching for it, would find it easily.
The abstract is specific and representative of the article because it’s clear what the article is about and states the fundamental issue that the article is trying to address and that is the auditor’s ability to detect material irregularities.
In the introduction, the writer explains to us what fraud is and builds on it by putting forward the component of fraud and brings out the number of reasons why it’s difficult for auditors to detect fraud and then over-emphasizes the need to enhance auditor’s fraud-detection ability. The purpose of the article was made clear at this stage i.e. auditor’s ability to detect material fraud.
In the review of past literature, the author cited three previous models of fraud aetiology and the necessary components for fraud to take place as follows;
1. Albrecht Model-Perceived opportunity,pressure & rationalisation
2. Cressey Model- Know how, unshareable financial problems & possess neutralising
This article was published in March 2002. It addresses a fundamental issue in financial regulation-that of auditors ability to detect material irregularities. The paper provides a critique of existing fraud aetiology models and then describes the ROP fraud Risk-Assessment Model constructed by the author in a study of convicted serious fraud offenders in Australia. The main concern of this of the paper is with the eclectic fraud detection model (EFD) of which the ROP model is a component. The EFD model is aimed at enhancing the auditor’s fraud detection ability, it has been constructed by the author and its utility successfully tested in Australia in a survey of auditors.
The author chose to use a title that creates suspense. I would suggest that the author could have used a title like-Eclectic Fraud Detection Model-just to be clear of what the article is all about so that for somebody searching for it, would find it easily.
The abstract is specific and representative of the article because it’s clear what the article is about and states the fundamental issue that the article is trying to address and that is the auditor’s ability to detect material irregularities.
In the introduction, the writer explains to us what fraud is and builds on it by putting forward the component of fraud and brings out the number of reasons why it’s difficult for auditors to detect fraud and then over-emphasizes the need to enhance auditor’s fraud-detection ability. The purpose of the article was made clear at this stage i.e. auditor’s ability to detect material fraud.
In the review of past literature, the author cited three previous models of fraud aetiology and the necessary components for fraud to take place as follows;
1. Albrecht Model-Perceived opportunity,pressure & rationalisation
2. Cressey Model- Know how, unshareable financial problems & possess neutralising