Factors Affecting Non-Government Organisationsâ€™ Financial Statement Fraud in South Africa: New Fraud Combined Theory Approach

Jean Damascene Mvunabandi; Bomi Cyril Nomlala

doi:10.14414/jebav.v25i2.3092

Vol. 25 No. 2 (2022), Articles

Vol. 25 No. 2 (2022)

Factors Affecting Non-Government Organisationsâ€™ Financial Statement Fraud in South Africa: New Fraud Combined Theory Approach

Articles

DOI: 10.14414/jebav.v25i2.3092

Published 29-11-2022

Jean Damascene Mvunabandi⁺⁻
Bomi Cyril Nomlala⁺⁻

Jean Damascene Mvunabandi

University of KwaZulu-Natal

Bomi Cyril Nomlala

University of KwaZulu-Natal

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Supplementary Files

Questionnaire

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Keywords

Non-Government Organisations
Financial statement fraud
Fraud red flags
Fraud Risk Indicators
Forensic Auditors.

How to Cite

Mvunabandi, J. D., & Nomlala, B. C. (2022). Factors Affecting Non-Government Organisationsâ€™ Financial Statement Fraud in South Africa: New Fraud Combined Theory Approach. Journal of Economics, Business, and Accountancy Ventura, 25(2), 145-161. https://doi.org/10.14414/jebav.v25i2.3092

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Abstract

This article aims to obtain empirical evidence about the relationship between New Fraud Combined Theory with non-government organizationsâ€™ financial statement fraud in South Africa. The population of this thesis research comprised 87 staff from 30 chosen Non-Government organizations (NGOs). The sample size of 87 was calculated using Raosft Software. A convenience sampling technique was used to select the studyâ€™s respondents. This article adopted quantitative and descriptive survey research. A Likert questionnaire was designed and used as the research instrument for generating data from respondents. Robustness analysis was entirely performed using descriptive statistics. The result of this research indicated that all variables have a significant association with fraudulent financial statements among NGOs in the eThekwini region, South Africa. This article contributes to the body of knowledge: the significant association between auditing and financial statement fraud mitigation accentuates the new fraud combined theory which belies that effective corporate governance will significantly curb financial statement fraud among NGOs in the eThekwini region and beyond.

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Factors Affecting Non-Government Organisationsâ€™ Financial Statement Fraud in South Africa: New Fraud Combined Theory Approach

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