Corporate governance and fraud: an investigation to determine whether the primary recommendations of the king report can assit in preventing management irregularities within an organisation
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Date
2016-07-18
Authors
Benade, Dirk Christoffel
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Abstract
The King Report released in South Africa in 1994 has the potential to revolutionise
the country's existing form of Corporate Governance. The objective of the report is
to improve the system by which companies in South Africa are directed and
controlled (King Report, 1994:1). This objective encompasses decreasing the risk
of management fraud within entities. The question which this research report
addresses is whether a reduction in the risk of management irregularities in an
organisation can be achieved through adherence to the King Report's proposals. To
obtain this answer a South African company which experienced significant
management frauds was selected for examination as a case study, and a
determination was made as to whether the proposals of the King Report, had they
been implemented, could have prevented the irregularities which occurred in the
organisation. The finding of the research is that diligent compliance with the King
Report's recommendations can assist significantly ill both preventing and detecting
management fraud, but is unlikely to prevent all management irregularities within an
organisatlon
Description
A Research Report Submitted to the Faculty of Commerce
University of the Witwatersrand, Johannesburg
in partial fulfilment of the requirements for the degree of Mastel of Commerce
Johannesburg 1995