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Impact of Fraud Risk Assessment on Good Corporate Governance: Case of Public Listed Companies in Oman

Author

Listed:
  • Rehman Ali

    (Internal Audit Department, A’Sharqiyah University, Sultanate of Oman)

  • Hashim Fathyah

    (Graduate School of Business, Universiti Sains Malaysia, Malaysia)

Abstract

Background: Fraud risk assessment as a control mechanism is becoming necessary due to continuous and never-ending fraudulent activities. Frauds arise regardless of the existence of codes for corporate governance and available control activities such as those of internal and external audit units. It is high time for the corporate governance functions such as Audit and Risk Committees and Senior Management to identify the controls, which can assist in achieving good corporate governance and at the same time provide satisfaction to the shareholders.

Suggested Citation

  • Rehman Ali & Hashim Fathyah, 2020. "Impact of Fraud Risk Assessment on Good Corporate Governance: Case of Public Listed Companies in Oman," Business Systems Research, Sciendo, vol. 11(1), pages 16-30, March.
    • Handle: RePEc:bit:bsrysr:v:11:y:2020:i:1:p:16-30:n:2
    DOI: 10.2478/bsrj-2020-0002
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    References listed on IDEAS

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    More about this item

    Keywords

    fraud risk assessment; good corporate governance; corporate governance; audit; and risk committee; senior management;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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