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Evaluation of frauds in public sector

Author

Listed:
  • Lukas Girūnas

    (Vilnius University, Lithuania)

  • Jonas Mackevičius

    (Vilnius University, Lithuania)

Abstract

Frauds greatly influence the performance of the enterprises and decisions made by users of accounting information. Therefore, fraud analysis is at high importance among the executives of state-owned enterprises and budgetary institutions. Probability of detecting a fraud is lower than finding errors, since fraudulent activities are deliberately hidden: they are usually pursued using complex and carefully planned schemes. The results of the empirical research have revealed that utmost importance in encouraging frauds can be attributed to the conditions where various individuals can commit frauds. Thorough analysis of scientific literature, accounting and audit regulations had allowed the authors to prepare the classification of principle conditions increasing fraud risk. This classification will aid public sector executives, accountants and auditors in detecting fraudulent activities, identifying their causes and location, objectively evaluating their effect on performance of the enterprise and foreseeing specific measures of prevention.

Suggested Citation

  • Lukas Girūnas & Jonas Mackevičius, 2014. "Evaluation of frauds in public sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 1(3), pages 143-150, March.
    • Handle: RePEc:ssi:jouesi:v:1:y:2014:i:3:p:143-150
    DOI: 10.9770/jesi.2014.1.3(3)
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/12197 is not listed on IDEAS
    2. Simon Burgess & Carol Propper & Marisa Ratto & Emma Tominey, 2017. "Incentives in the Public Sector: Evidence from a Government Agency," Economic Journal, Royal Economic Society, vol. 127(605), pages 117-141, October.
    3. Johnathan Magrane & Sue Malthus, 2010. "Audit committee effectiveness: a public sector case study," Managerial Auditing Journal, Emerald Group Publishing, vol. 25(5), pages 427-443, May.
    4. Septiana Dwiputrianti, 2011. "Scope of Auditing on the Quality of Content in the Indonesian External Public Sector Auditing Reports," International Review of Public Administration, Taylor & Francis Journals, vol. 16(3), pages 133-149, December.
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    Cited by:

    1. Mindaugas Laužikas & Hailee Tindale & Augustinas Bilota & Dovilė Bielousovaitė, 2015. "Contributions of sustainable start-up ecosystem to dynamics of start-up companies: the case of Lithuania," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 3(1), pages 8-24, September.
    2. Kristina Garškaitė-Milvydienė, 2014. "Anti-crisis management of enterprises as precondition of sustainable entrepreneurship," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 1(4), pages 187-203, June.
    3. Gunnar Prause, 2014. "A holistic concept for the sustainable evaluation of company shares," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 2(1), pages 37-42, September.

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    More about this item

    Keywords

    public sector; frauds; classification of frauds; evaluation; analysis of frauds;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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