The usage of Fraud Hexagon Model to discover fraud in the Financial Statements An Applied Study | ||
| مجلة البØوث المالية والتجارية | ||
| Article 6, Volume 23, Issue 1, January 2022, Pages 116-133 PDF (994.18 K) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/jsst.2021.104171.1347 | ||
| Author | ||
| ألاء عبده إبراهيم Øسن الکتبي* | ||
| کلية التجارة جامعة بورسعيد | ||
| Abstract | ||
| The research aims to use the Fraud Hexagon Model to improve the comprehension the main elements that cause fraud to occur. Fraud Hexagon Model is the expansion of Pentagon fraud model, fraud diamond and fraud triangle. The fraud Hexagon model adds collusion in addition to the other five existing factors namely pressure, opportunity, rationalization, Capability and External Regulatory. The population of this study was 41 companies recorded on the Egyptian Stock Exchange and have financial lawsuits for the period of 2019-2020. The samples consists of 10 companies were gotten by using a random sampling method. The occurrence of Fraud in the Financial Statement is measured by the Altman Z Score, due to shortage of database to assort companies committing fraud from other companies in Egypt. Data was examined by using logistic regression analysis. The results indicated that the major six element- collusion - plays an essential role in commit fraud. It is become clear that fraud Hexagon model is the most suitable model in detecting fraud, and there are important variances between the influence of all elements of fraud Hexagon model and fraud pentagon model. | ||
| Keywords | ||
| collusion; Financial Statement Fraud; The fraud Hexagon model | ||
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