Detecting fraud and corruption in audit and advisory firms: A socio-demographic investigation

Pappa Evangelia 1, *, Panagiotis Spanos 2, John Filos 3, Alexandros Garefalakis 4 and Panagiotis Kyriakogkonas 5

1 Department of Marketing & Management, European University of Cyprus, Open University of Cyprus & Hellenic Open University, Greece.
2 Department of Economic and Regional Development, School of Economy and Public Administration, Panteion University of Social and Political Sciences, 136, Sygrou Avenue, 17671 Athens, Greece.
3 Department of Public Administration, School of Economy and Public Administration, Panteion University of Social and Political Sciences, 136, Sygrou Avenue, 17671 Athens, Greece.
4 Department of Business Administration and Tourism, School of Management and Economics Sciences, Hellenic, Mediterranean University & Neapolis University Pafos, Cyprus.
5 Department of Accounting and Finance, School of Economics, Business and Computer Sciences, Neapolis University Pafos, Cyprus.
 
Review
International Journal of Science and Research Archive, 2024, 11(02), 161–170.
Article DOI: 10.30574/ijsra.2024.11.2.0384
Publication history: 
Received on 21 january 2024; revised on 01 March 2024; accepted on 04 March 2024
 
Abstract: 
The aim of the research is to identify in what extent the employees’ socio-demographic determinants affect the detection of fraud and corruption incidents in workplace environment. The methodology was used for data collection is primary source through random sampling. A total of 613 valid questionnaires based on employees in Greek audit and advisory firms were answered. Key non-parametric tests as Friedman test and Spearman’s correlation were used. It was found that all fraud and corruption variables are positively correlated and, in most cases, founded statistically significant. Furthermore, the top mean rank among fraud incidents was the personal use of internet at work and among the corruption incidents was nepotism. Considering the socio-demographic characteristics, it is observed that most aged and experienced employees, irrespectively hierarchical position, or gender; tend to have no significant differences about their perceptions of previous fraud and corruption incidents. The research contributes towards enhancing the fraud and corruption detection offering substantial implications for fraud examiners and researchers.
 
Keywords: 
Fraud; Corruption; Audit firms; Socio-Demographic Determinants.
 
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