Start Date

11-8-2016

Description

The growing threat of financial reporting and employee fraud has called for increased security standards and regulations, focussing on effective internal controls. This requires organizations to demonstrate that their resources are directed, monitored and measured appropriately, with internal controls in place to prevent and detect fraud. The objective of this paper is to explore possible ways in which the shortcomings of various modelling approaches focussed on fraud representation and prevention can be addressed by an open, distributed, flexible, context-rich and sustainable repository of business process models. We develop a theoretical framework, which embeds a number of important theories in regard to organizational work. In particular, we use the concept of mindful organizational routines to guide our investigation. We conclude the paper with illustrations of our framework through four possible cases of fraud in procurement.

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Aug 11th, 12:00 AM

Mindful Routines in the Face of Fraud

The growing threat of financial reporting and employee fraud has called for increased security standards and regulations, focussing on effective internal controls. This requires organizations to demonstrate that their resources are directed, monitored and measured appropriately, with internal controls in place to prevent and detect fraud. The objective of this paper is to explore possible ways in which the shortcomings of various modelling approaches focussed on fraud representation and prevention can be addressed by an open, distributed, flexible, context-rich and sustainable repository of business process models. We develop a theoretical framework, which embeds a number of important theories in regard to organizational work. In particular, we use the concept of mindful organizational routines to guide our investigation. We conclude the paper with illustrations of our framework through four possible cases of fraud in procurement.