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Corporate governance and information technology in fraud prevention and detection : evidence from the UAE

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dc.contributor.author Halbouni, Sawsan Saadi
dc.contributor.author Obeid, Nada
dc.contributor.author Garbou, Abeer
dc.date.accessioned 2020-03-05T11:41:14Z
dc.date.available 2020-03-05T11:41:14Z
dc.date.copyright 2016
dc.date.issued 2016-06-06
dc.identifier.citation Halbouni, S. S., Obeid, N., & Garbou, A. (2016). Corporate governance and information technology in fraud prevention and detection: Evidence from the UAE. Managerial Auditing Journal, 31(6–7), 589–628. https://doi.org/10.1108/MAJ-02-2015-1163 en_US
dc.identifier.issn 02686902
dc.identifier.uri http://dx.doi.org/10.1108/MAJ-02-2015-1163
dc.identifier.uri http://hdl.handle.net/20.500.12519/193
dc.description This article is not available at CUD collection. The version of scholarly record of this Article is published in Managerial Auditing Journal (2016), available online at: https://doi.org/10.1108/MAJ-02-2015-1163. en_US
dc.description.abstract This paper aims to investigate the role of corporate governance and information technology in fraud prevention and detection within the United Arab Emirates (UAE). Design/methodology/approach: This study uses a survey of financial accountants and internal and external auditors to assess their perceptions of the effectiveness of IT and corporate governance as measured in terms of the audit committee’s effectiveness, internal audit functions, external audit functions, culture of honesty and employee training programmes in preventing and detecting fraud in the UAE. Findings: The results indicate that corporate governance has a moderate role in preventing and detecting fraud in the UAE and that IT has the same role as traditional fraud prevention and detection techniques. The results also show no significant difference between internal and external auditors in their use of technological and traditional techniques during the course of audits. Research limitations/implications: The findings suggest that the senior management and boards of directors must better understand the importance of their oversight function. The finding that a culture of honesty has a low positive impact on fraud prevention and detection in the UAE indicates that chief executive officers and boards of directors must make more efforts to set the “tone at the top†to improve the corporate environment in terms of integrity and ethics, among other factors. Furthermore, as IT and traditional techniques provide the same function, senior management and boards of directors must be alerted to the importance of developing systematic approaches to fraud investigation that involve greater reliance on technological approaches. Practical implications: The moderate role of corporate governance suggests that senior management and boards of directors must better understand the importance of their oversight function to meet their obligations and fiduciary responsibilities to stakeholders. Furthermore, greater adoption of IT to detect and prevent fraud contributes to developing a systematic approach to fraud investigation, capable of identifying unusual activity using effective software. Originality/value: This study contributes to the literature on the role of corporate governance and IT in preventing and detecting fraud, particularly for Middle Eastern countries and other emerging nations. The study may provide insights to academics and practitioners in the UAE and their international counterparts. © 2016, Emerald Group Publishing Limited. en_US
dc.language.iso en en_US
dc.publisher Managerial Auditing Journal en_US
dc.relation Authors Affiliations: Halbouni, S.S., School of Business Administration, Canadian University Dubai, Dubai, United Arab Emirates; Obeid, N., Accounting Department, University of Sharjah, United Arab Emirates; Garbou, A., Accounting Department, University of Sharjah, United Arab Emirates
dc.relation.ispartofseries Managerial Auditing Journal;Vol. 31, issue 07-Jun
dc.rights License to reuse the abstract has been secured from Emerald Publishing Limited and Copyright Clearance Center.
dc.rights.uri https://s100.copyright.com/CustomerAdmin/PLF.jsp?ref=e9bd7cde-71fd-4fb2-bad8-cf14ade2e288
dc.title Corporate governance and information technology in fraud prevention and detection : evidence from the UAE en_US
dc.type Article en_US
dc.rights.holder Copyright : 2016 Emerald Group Publishing Limited


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