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

Rehman Ali () and Hashim Fathyah ()
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Rehman Ali: Internal Audit Department, A’Sharqiyah University, Sultanate of Oman
Hashim Fathyah: Graduate School of Business, Universiti Sains Malaysia, Malaysia

Business Systems Research, 2020, vol. 11, issue 1, 16-30

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.

Keywords: fraud risk assessment; good corporate governance; corporate governance; audit; and risk committee; senior management (search for similar items in EconPapers)
JEL-codes: G3 G34 (search for similar items in EconPapers)
Date: 2020
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