Effect of Fraud Risk Management Skills on Value-Based Financial Performance of Banks in Ghana

ACFE. (2010). Report to the nations: On occupational fraud and abuse. The United States of America.
ACFE. (2015). Fraud Risk Management Overview: The United States of America. https:// doi.org/10.1002/9781119203889.ch8. Date Accessed: 05/06/18
ACFE. (2017). Fraud Examiners Manual. In: Association of Certified Fraud Examiners, Inc.
ACFE. (2020). Report to the Nations on Occupational Fraud and Abuse 2020, Association of Certified Fraud Examiners.
Agyemang, O. S., and Castellini, M. (2013). “The Guidelines of Corporate Governance of Ghana: Issues, Deficiencies and Suggestions”, International Business Research; Vol. 6, No. 10; 2.
Akinyomi, O. J. (2012). Examination of Fraud in the Nigerian Banking Sector and Its Prevention, Asian Journal of Management Research Volume 3 Issue 1
Alavi, S., & Ahuja, V. (2016). An empirical segmentation of users of mobile banking apps. Journal of Internet Commerce, 15(4), 390-407.
Albrecht, J., Mishra, A., Irwin, D., Cecchet, E., Shenoy, P., & Barker, S. (2012). Smart*: An open data set and tools for enabling research in sustainable homes. SustKDD, August, 111(112), 108.
Asukwo, P. E. (1999). “Bank Frauds: A Look at the Nigerian Banking Clearing System”,
Bhasin, M. L. (2016) Survey of Creative Accounting Practices: An Empirical Study. Wulfenia, 23, 143-162.
Biegelman, M. T., and Bartow, J. T. (2012). Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance.
Boateng, A. A., Boateng, G. O., & Acquah, H. (2014). A literature review of fraud risk management in micro finance institutions in Ghana. Research Journal of Finance and Accounting, 5(11), 42–52.
Burazeri A., and Sula, A. (2015). Fraud risk score card: How to structure and quantify fraud risk. In The 4th International Virtual Scientific Conference on Informatics and Management Sciences, 39-43
Burnaby P., Howe M., and Muehlmann, B. W. (2009). Detecting fraud in the organization: An internal audit perspective. Journal of Forensic & Investigative Accounting. 3(1):195-233
Button M., Gee, J., and Brooks, G. (2011). Measuring the cost of fraud: an opportunity for the new competitive advantage. Journal of Financial Crime; 19(1):65-75. https:// doi.org/10.1108/13590791211190731
CGAP. (1999). External Audits of Microfinance Institutions: A Handbook, Technical Tools Series, No. 3, Washington D.C [Online]
Available: http:/www.cgap.org/p/site/c/template.rc/1.9.2999
Date: 30/03/2021
COSO. (2016). Fraud Risk Management Guide - Executive Summary. In: Committee of Sponsoring Organizations of the Treadway Commission. Committee of Sponsoring Organizations of the Treadway Commission.
DeVellis, R. F. (2012). Scale development: Theory and applications. Los Angeles: Sage. pp. ]109–110
Denziana, A. (2015). The effect of audit committee quality and internal auditor objectivity on the prevention of fraudulent financial reporting and the impact on financial reporting quality (a survey on state-owned company in Indonesia). Int. J. Monet. Econ. Financ. 8, 213–227.
Dominic, P., and Nicole, L. (2015). Cutting fraud losses in Canadian organizations. Journal of Financial Crime, Vol. 22 Iss 3 pp. 295 – 304
Fadipe-Joseph, O. A., & Titiloye, E. O. (2012), Application of Continued Fractions in controlling Bank Fraud, International Journal of Business and Social Science, 3(9), pp 210-213.
Mac, F. (2016). Global Debt Facility.
Fynefaceph, A. N., Oladutire, D., and Oladeji, E. (2013). Fraud prevention, mitigation and management practices In Nigerian firms. IOSR Journal of Business and Management. 11(3):07-14.
Gates, T., and Jacob, K. (2009). Payment’s fraud: perception versus reality – a conference summary, Economic Perspectives, Vol. 33 No. 1, pp. 7-15.
Githecha, D. K. (2013). The effect of fraud risk management on the financial performance of commercial banks in Kenya. MSC Project, University of Nairobi
Goldmann, P. D., & Kaufman, H. (2009). Anti-Fraud Risk and Control. USA: Hoboken, NJ, Wiley.
Guardian, Analytics. (2011). FFIEC ‘online banking’ security: Readiness study. Accessed: www.guardiananalytics.com Date: 10/06/2021
Gupta, R., & MacDonald, C. (2000). The Implementation of Value-Based Metrics and the Next Steps in Corporate Valuation. Value-Based Metrics: Foundations and Practice, 229-252.
Hair, J. F., Black, W. C., Babin, B. J., and Anderson, R. E. (2010). Multivariate Data Analysis. 7th ed. Prentice Hall.
Halbouni, S. S. (2015), ‘The role of auditors in preventing, detecting, and reporting fraud: the case of the United Arab Emirates (UAE)’, International Journal of Auditing, Vol. 19, No. 2, pp. 117–30
Halbouni, S. S., Obeid, N., and Garbou, A. (2016). Corporate Governance and Information Technology in Fraud Prevention and Detection: Evidence From the UAE. Managerial Auditing Journal. 2016; 31(6/7):589-628.
https://doi.org/http://dx.doi.org/10.1108/MRR-09-2015-0216
Hoffmann, A., & Birnbrich, C. (2012). The impact of fraud prevention on bank-customer relationships: An empirical investigation in retail banking. International Journal of Bank Marketing, 30(5), 390–407. doi:10.1108/02652321211247435
INTOSAI GOV 9100. (2004), “Guidelines for Internal Control Standards for the Public Sector”, http://www.issai.org/media/13329/intosai_gov_9100_e.pdf
Jackson, P. M. (2013). Debate: Fraud risk management in the public sector. Public Money Manag. 33, 6–8.
Kapardis, M. K., & Papastergiou, K. (2016). Fraud victimization in Greece: room for improvement in prevention and detection. Journal of Financial Crime.
Kariuki, M., & Schwartz, J. (2005). Small-scale private service providers of water supply and electricity: A review of incidence, structure, pricing, and operating characteristics.
Kassem, R., Higson, A. W. (2012). The New Fraud Triangle Model. Journal of Emerging Trends in Economics and Management Sciences, 3 (3), pp 191-195
KPMG. (2014b). A tool to connect corporate and society value creation. KPMG International Cooperative. (Accessed: 07/03/2021
http://www.kpmg.com/AU/en/IssuesAndInsights/ArticlesPublications/Documents/new-vision-ofvalue-2014-executive-summary.pdf
KPMG. (2016), Outline of Financial Modelling Assumption for Local Government Merger Proposals – Technical Paper Prepared for the NSW Department of Premier and Cabinet
KPMG. (2017). digital payment analyzing the cyberspace.
Https://assets.kpmg.com/content/dam/kpmg/in/pdf/Digital_payments_Analysing_the_cyber_landscape.pdf Date Accessed: 16/06/2021
Kuria, T., and Moronge, H. (2013). Effect of fraud management practices on the growth of insurance companies in Kenya. International Journal of Innovative Social & Science Education Research 2(1):26-39
Lehman, J. B. (2000). “Internal Controls and Fraud Prevention in Microfinance Institutions.” Fraud workshop, MEDA Consulting Group, Waterloo, Canada.
Martin, J. D., and Petty, J. W. (2000). Value Based Management. Harvard Business School Press 2000.
Mazumder, M. M. M., & Hossain, D. M. (2018). Research on corporate risk reporting: Current trends and future avenues. Journal of Asian Finance, Economics and Business, 5(1), 29-41. doi:10.13106/jafeb.2018.vol5.no1.29
Mbuguah, C. (2013). Response strategies to fraud by the listed commercial banks in Kenya. Unpublished MBA Project, University of Nairobi.
MEDA. (2007). “MFI Internal Audit and Controls Toolkit”. [Online] Available at http://www.microsave.org Accessed: 30/01/2021
Ngalyuka, R. (2013). The relationship between ICT utilization and fraud losses in commercial banks in Kenya. Unpublished MBA project, University of Nairobi.
Njenga, N. M., & Osiemo, G. (2013). Effect of fraud risk management on organization performance: A case of deposit-taking microfinance institutions in Kenya. International Journal of Social Sciences and Entrepreneurship, 1 (7), 490-507
Oloidi, G. A., and Ajinaja, O. T. (2014). Bank Frauds and Forgeries in Nigeria: A study of the causes, types, detection and prevention. Journal of Economics and Finance Volume 4, Issue 2. (May-Jun. 2014), PP 41-50
Omar, M. K., Bakar, A. R., & Rashid, A. (2012). Employability skills acquisition among Malaysian community college students. Journal of Social Science, 8(3), 472-478.
http://dx.doi.org/10.3844/jssp.2012.472.478
Omar, M., Nawawi, A., & Salin, A. S. A. P. (2016). The causes, impact and prevention of employee fraud: A case study of an automotive company. Journal of Financial Crime, 23(4), 1012-1027.
Omer, W. K. H., Aljaaidi, K. S., & Al-Moataz, E. S. (2020). Risk Management Functions and Audit Report Lag among Listed Saudi Manufacturing Companies. Journal of Asian Finance,
Economics and Business, 7(8), 61-67. https://doi.org/10.13106/ jafeb.2020.vol7.no8.061
O’Reilly-Allen, M., and Zikmund, P. E. (2013). Whose Responsibility is it to Deter and Detect Fraud? The Role of Management, the Auditor and the Fraud Examiner. Journal of Global Business Management; 5:1.
Owolabi, S. A. (2010), Fraud and Fraudulent Practices in Nigeria Banking Industry, African Research Review, Vol. 4 (3b) ISSN 2070-0083 (Online)
Petra?cu, D., and Tieanu, A. (2014). The Role of Internal Audit in Fraud Prevention and Detection. Procedia Econ. Financ. 16, 489–497.
PwC. (2020). Fraud and corruption Malaysia has its say: PwC’s Global Economic Crime and Fraud Survey-Malaysia report 1–15.
Reilly, F. K., and Brown, K. C. (2003). Investment analysis portfolio management, 7th edition, Thomson-South Western, Cincinnati
Repousis, S., Lois, P., Veli, V. (2019). An Investigation of the Fraud Risk and Fraud Scheme Methods in Greek commercial banks. J. Money Laund. Control.
Samociuk, M., Iyer, N., & Doody, H. (2010). Short Guide Fraud Risk: Fraud Corruption Resistance and Detection. 2nd Edition. GBR: Farnham, Surrey, Ashgate Publishing Group.
Sanusi, Z. M., Rameli, M. N. F., and Isa, Y. M. (2015). Fraud Schemes in the Banking Institutions: Prevention Measures to Avoid Severe Financial Loss. In Procedia Economics and Finance United Kingdom: Elsevier B.V. 28:107 - 113.
Sow, A. N., Basiruddin, R., Mohammad, J., Rasid, S. Z. A. (2018). Fraud prevention in Malaysian small and medium enterprises ( SMEs ). J. Financ. Crime.
Stewart, G. B. (1991). The quest for value. New York: Harper-Collins
Suh, J. B., Nicolaides, R., and Trafford, R. (2019). The effects of reducing opportunity and fraud risk factors on the occurrence of occupational fraud in financial institutions. Int. J. Law, Crime Justice 56, 79–88.
Suttinee, P., and Phapruke, U. (2008) “Causes and consequences of corporate Governance in Thai Listed Companies”, Review of Business Research, Vol.8 (2)
Vousinas, G. L. (2016). The critical role of Internal Auditing in addressing bank fraud: A conceptual framework. Journal of Economics Literature M42. 5(3):67 -81.
Yang, C. H., and Lee, K. C. (2020). Developing a strategy map for forensic accounting with fraud risk management: An integrated balanced scorecard-based decision model. Eval. Program Plann. 80, 101780.
Young, S., and O'BYRNE, S. F. (2001). EVA and value-based management: a practical guide to implementation, 2.
Zygmont, C., & Smith, M. R. (2014). Robust factor analysis in the presence of normality violations, missing data, and outliers: Empirical questions and possible solutions. The Quantitative Methods for Psychology, 10 (1), 40-55.

In-Text Citation: (Paul Kwasi Apreku-Djan et al., 2022)
To Cite this Article: Apreku-Djan, P. K., Ameyaw, F., Kuma, F., Ahiale, F. A., & Owusu, M. (2022). Effect of Fraud Risk Management Skills on Value-Based Financial Performance of Banks in Ghana. International Journal of Academic Research in Accounting Finance and Management Sciences. 12(2), 203 – 226.

Copyright: © 2022 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode