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Disclosure of fraud control information in annual reports as a means of discharging public accountability

Disclosure of fraud control information in annual reports as a means of discharging public... This paper aims to investigate the disclosure of fraud-related activities in public sector organisations in Australia. Specifically, the study reviews and evaluates the level and nature of fraud control information in annual reports of Commonwealth agencies and bodies.Design/methodology/approachThe study uses a qualitative approach with the aim of expanding the body of empirical literature on disclosure of fraud control information in annual reports. The study further uses the theory of accountability – an essential concept for organisations that exist for public interest.FindingsThe results show that there is some prima facie evidence of public accountability. However, these results suggest that current disclosures of fraud-related activities in annual reports are failing to ensure the public is aware of activities used to combat fraud and its implications for the public interest.Practical implicationsThe results have important implications for developing a framework for good reporting of fraud control activities.Originality/valueThis research study adds to the limited body of knowledge regarding how public entities discharge their accountability in relation to their fraud control activities. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Disclosure of fraud control information in annual reports as a means of discharging public accountability

Journal of Financial Crime , Volume 30 (2): 30 – Feb 2, 2023

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References (84)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1359-0790
eISSN
1359-0790
DOI
10.1108/jfc-11-2019-0154
Publisher site
See Article on Publisher Site

Abstract

This paper aims to investigate the disclosure of fraud-related activities in public sector organisations in Australia. Specifically, the study reviews and evaluates the level and nature of fraud control information in annual reports of Commonwealth agencies and bodies.Design/methodology/approachThe study uses a qualitative approach with the aim of expanding the body of empirical literature on disclosure of fraud control information in annual reports. The study further uses the theory of accountability – an essential concept for organisations that exist for public interest.FindingsThe results show that there is some prima facie evidence of public accountability. However, these results suggest that current disclosures of fraud-related activities in annual reports are failing to ensure the public is aware of activities used to combat fraud and its implications for the public interest.Practical implicationsThe results have important implications for developing a framework for good reporting of fraud control activities.Originality/valueThis research study adds to the limited body of knowledge regarding how public entities discharge their accountability in relation to their fraud control activities.

Journal

Journal of Financial CrimeEmerald Publishing

Published: Feb 2, 2023

Keywords: Fraud; Fraud disclosure; Public sector; Accountability; Australian commonwealth entities

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