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Fraud Risk Assessment Process
Source publication
p> The emergence of a variety of fraud schemes, ineffective internal controls, and the number of fraud cases that occur in the taxation sector, encourage researches related to fraud risk assessment, especially in tax audit activi ties . This study aimed to identify potential fraud schemes risks, evaluate risk controls and discuss anti-fraud strateg...
Citations
... Moreover, tax officers would also adhere to professional standards while assessing taxpayers' tax returns and financial statements (Glover & Prawitt, 2014). For instance, sceptical tax officers should presume that there are significant risks of fraud in revenue recognition regardless of experience in auditing revenue at an entity and regardless of the assessed competency and integrity of management (Alfatah & Tobing, 2020;Hashim et al., 2020). In addition, the application of scepticism assumes some level of carelessness, incompetence, or dishonesty in the preparation of tax returns or financial statements. ...
