haku: @indexterm theft / yhteensä: 25
viite: 3 / 25
| Tekijä: | Newman, D. P. Park, J, Smith, J. R. |
| Otsikko: | Allocating internal audit resources to minimize detection risk due to theft. |
| Lehti: | Auditing: A Journal of Practice and Theory
1998 : SPRING , VOL. 17:1, p. 69-82 |
| Asiasana: | ALLOCATION INTERNAL AUDITING STRATEGIC PLANNING THEFT RISK ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | The authors analyze internal audit resource allocation strategies and employee theft strategies in a setting in which there are many asset types or "locations" controlled by a single employee where theft can occur. Theft detection likelihoods are based on a discovery sampling formulation commonly used in theft and fraud scenarios. Detection risk depends on the extent and allocation of theft, and the size of locations. In the analysis, the auditor, by choice of a sampling strategy, minimizes detection risk, or equivalently maximizes the probability that theft is detected. The agent maximizes the expected net gain from undetected theft, where an increasing penalty is imposed on the agent as the amount of detected theft increases. The authors find that the auditor's strategy involves allocating to each location a share of the audit budget proportionate to the ratio of cost of auditing the entire location to the cost of a complete audit of all locations. They also find that the agent's theft strategy involves more theft from larger locations and from locations with higher audit costs. |
SCIMA