Tendency to Commit Fraud and Level of Loneliness

TENDENCY TO COMMIT FRAUD

AND LEVEL OF LONELINESS OF EMPLOYEES IN BAGUIO CITY

A Research Paper Presented to

the Faculty of College of Accountancy

University of the Cordilleras

In Partial Fulfillment

of the Requirement for the Course

Accounting Research and Analysis

By

LOVELY QUEZON ACCAD

ROSELLE IVY ORDOÑEZ TUMALIUAN

April 2015

THESIS ABSTRACT

Title: TENDENCY TO COMMIT FRAUD AND LEVEL OF LONELINESS OF EMPLOYEES IN BAGUIO CITY

Total No. of Pages: 92

Researchers: Accad, Lovely Quezon

Tumaliuan, Roselle Ivy Ordoñez

Type of Document: Research

Type of Publication: Unpublished

Accrediting Institution: University of the Cordilleras

Funding Agency: None

Keywords: Fraud, Loneliness, Age, Gender, Years of service

Abstract:

Rationale/Background

Forensic accounting refers to the comprehensive view of fraud investigation. It includes preventing frauds and analyzing antifraud controls. Forensic accounting would include the audit of accounting records in search for evidence of fraud; a fraud audit. A fraud investigation to prove or disprove a fraud would be part of forensic accounting. It also includes the gathering of nonfinancial information, such as interviews of all related parties to a fraud, when applicable. Forensic accounting includes writing a report to management or court. Serving as an expert witness and litigation support are part of forensic accounting.

Fraud cannot be easily seen or detected instantly by just looking at certain circumstances. As long as there are the three elements of the fraud triangle (pressure, opportunity or rationalization) that are present, there is a high possibility to commit the fraud (even big or small amount). Even small businesses had been committing fraud knowingly or unknowingly by the parties in it. Concealment will come after, though the easiest to do after the fraud; it can be the hardest one to detect when there is no sufficient appropriate evidence to support the...