Date of Publication

7-20-2023

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting | Business Law, Public Responsibility, and Ethics

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Advisor

Mark Vincent B. Bendo
Florenz C. Tugas

Defense Panel Chair

Kenneth Michael A. De Castro

Defense Panel Member

Hector C. Pascual

Abstract/Summary

Various news articles and academic journals have highlighted cases of fraud worldwide, prompting researchers to analyze the actions of perpetrators and develop fraud models, identifying eight risk factors: pressure, opportunity, rationalization, capability, arrogance, collusion, external regulatory influence, and COVID-19 pandemic. While most have focused on Indonesia, Ghana, Malaysia, and Vietnam, this research specifically targeted the Philippines to identify the significant fraud risk factors among government-owned and/or controlled corporations (GOCCs) in the country, with the moderating effect of corporate governance. The researchers narrowed down the population and used total enumeration approach focusing on the 31 major GOCCs chosen by the Department of Finance - Corporate Affairs Group (DOF-CAG). Pertinent data were retrieved from the official websites of the GOCCs, Governance Commission for GOCCs (GCG), and Commission on Audit (COA). Descriptive statistics and panel regression analysis were used to analyze the data. Results showed that only pressure, collusion, and rationalization significantly affect the susceptibility of fraudulent financial reporting. The study also found that corporate governance has a statistically significant moderating effect only on the effect of pressure to the susceptibility of fraudulent financial reporting. Based on these findings, the study provided relevant practical and theoretical recommendations.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Accounting fraud—Philippines; Misleading financial statements—Philippines; Accounting—Corrupt practices—Philippines

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Embargo Period

8-11-2023

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