Essay on Preventing Fraud: The Case of Uae Organizations

Proposal for the internal auditors perspective and technology use to detect or prevent fraud: The case of UAE organizations.

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Abstract:High assurances by auditors to organizations provide critical information required in the organizational decision-making process. This is regardless the auditors perception, which is a common factor that remains unchanged in the risks and potential harm of the information provided in the accuracy and integrity of the data.

Background:In the recent years, fraud has become a costly problem for many organizations. Organizations have established internal auditing departments to strengthen the accountability, confidence and create trust in the financial reports. The goal of this study is to investigate the internal auditors perception regarding the responsibility they have in detection and prevention of fraud and in reporting it. Audits should be relevant to the organizations and true in the accurate figure because fraudulent financial reporting (FFR) has grave consequences for the organization (Kotsiantis. 2006).

Theoretical framework:

The analytical obscurity of internal audit is critical as per the Internal Audit Agency (2006) fraud. Also, the study will involve the technology that the internal auditors use in auditing procedures and the governance structure that will depend on human and environmental factors.Research methodology:

UAE like other countries has integrated technology in effective detection and prevention of fraud. Internal auditors across many organizations use various intelligence tools in detecting fraud that includes design in research, data collection, and analysis. Some of the methods include:

ParticipantsThey are from organizations and will include the staff and heads of auditing departments of the organizations they are working at.

Statistical Tests: The test will show if the organization has a viable internal audit system that functions and its chances of reporting fraud.

Quantitative Technique: The technique involves numerical data in which it will be used to analyze and show the extent of organization performance regarding internal auditing.

Qualitative technique: This technique will involve data that is not quantified, and it is usually in a non-numeric form. Open-end interviews will be conducted in a detailed manner.

Analysis and discussion:

The data collected from the above methods will be inspected, graded, and evaluated. This should give a general insight on the organizational financial position.

Format:

The research will be present in a form that includes the introduction, methods used in research, results of the research, discussion of the results, and the conclusion of the findings.

This should include seven pages in total.

Timeline: Gathering information- one week

Organizing ideas- three days

Creating an outline & writing a thesis statement Thesis statement- a day

Narrowing down sources & writing notes- two days

Drafting the paper- three days

Revising and filling the gaps- two days

Editing a day

Submitting the paper- date due

Budget

Materials and equipment-(amount)

Travel costs-(amount)

Services-(amount)

Miscellaneous expenses-(amount)

Resources:I expect to get funding from the department committee and donations from well-wishers, family, and friends.

BibliographyAdams, M. B. (1994). Agency theory and the internal audit. Managerial Auditing Journal,

Halbouni, S. S., Halbouni, S. S., Obeid, N., Obeid, N., Garbou, A., & Garbou, A. (2016). Corporate governance and information technology in fraud prevention and detection: Evidence from the UAE. Managerial Auditing Journal, 31(6/7)

Stanton, G. (2012). Detecting fraud: Utilizing new technology to advance the audit profession.