The Responsibility Of Internal Auditors In Preventing Fraud In Malaysia Listed Companies

Abstract

Nowadays, fraud has been one of the main issues and concern of regulators, auditors, investors, and researchers. The internal audit today plays a vital role to manage the company risk as well as to help the company to decrease the cost, enhance the company's performance to achieve higher stakeholder demands. Auditors play a crucial role in validating and providing assurance. The purpose of this study is to understand the responsibilities of internal auditors in preventing fraud. This study analyzed the relationship between staff training, the effects of continuous monitoring internal control system, protection software and the protection software on fraud prevention in Malaysia listed companies. The authors used the hypothesis and quantitative method to test the relationship between the responsibilities of internal auditors and fraud prevention.The targeted population were internal auditors who are working in the listed companies in Malaysia. Questionnaire was be sent out to 100 listed companies in Malaysia. Data were analysed using SPSS software in term of pearson correlation analysis and multiple regression test. Result of this work showed that there is a relationship between staff training, continuous monitoring internal control system protection software and fraud prevention in Malaysia listed companies.