Accounting Fraud Prevention in Australia

Running head: APPLIED BUSINESS RESEARCH
Accounting fraud prevention in Australia

APPLIED BUSINESS RESEARCH 2
Abstract
The aim of this report is to assess accounting fraud prevention in Australia. This investigation
illustrates that a company faces accounting fraud issues highly in Australia. This fraud can occur
intentionally or unintentionally. This investigation aids in declining accounting fraud concerns.
Introduction, literature review as well as, research methodology are part of research methodology
that would be appliedto systematically complete the research practices. Research problem, aim
and objectives, as well as proposal structured, would be discussed in this research. Secondary
sources would be used in a literature review for addressing prevention regarding accounting
failure in Australia.
In third chapter, i.e. research methodology, qualitative research approach would be applied in
order to obtaining the theoretical data related to research concerns. In this investigation, both
primary data collection technique as well as secondary data collection technique would be
entailed such as interview and literature review. Statistical data analysis will be used for
analysing information in significant manner. Along with this, ethical consideration would be
used in relation to conducting investigation in an ethical manner.

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Table of Contents
Abstract ........................................................................................................................................... 2
Introduction to the research .......................................................................................................... 4
Introduce the topic of the research................................................................................................ 4
What real problem does the research seek to resolve and why is it important to researchthis
topic (project scope) ....................................................................................................................... 5
Outline the structure of this proposal............................................................................................ 5
Introduction.................................................................................................................................... 6
Literature review ............................................................................................................................ 6
Research methodology ................................................................................................................... 6
Research problem and research objectives ................................................................................... 6
Theoretical Background/Literature review ................................................................................... 7
Research Design and Methodology ............................................................................................. 12
Type of research (exploratory, descriptive, causal) .................................................................... 13
Research approach (quantitative, qualitative or mixed approach) ............................................ 13
Type of data will be used (primary or secondary data) ............................................................... 14
Data collection.............................................................................................................................. 14
Sampling ....................................................................................................................................... 15
Data analysis ................................................................................................................................ 15
Ethical consideration ................................................................................................................... 15
References .................................................................................................................................... 17
Appendix ....................................................................................................................................... 20

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Introduction to the research
Introduce the topic of the research
There have been several fallacious practices in practices of accounting. Moreover, some
guidelines as well as, accounting rehearses are developed for eliminating each one of those
concerns but, these issues are persistent. In addition, principal concerns within the Australian
market is linked to straightforwardness record, as well as, exchange of money to put away
authentic compensation as well as, unfit to stay aware about the current upgradation in the
mechanical system (Shore, 2018).
The key motivation behind this research is to differentiate the illustration for the prevalence
related to such experiences as well as, addresses the measures for controlling it. Moreover, in
order to maintain correct accounting practices in, organisation should take into consideration
some aspects that maintain morals in accounting. Moreover, uprightness is initial thing that
basically intended for maintaining uprightness (Prenzler, 2017).
The bookkeeping structure should consider morality as well as, straightforward in single
exchanges. All accounting data should be confidential and fundamental. It should maintain
secrecy regarding accounting practices. Accountant faces issue related to timing and distribution
of bookkeeping record. However, there should be secrecy regarding the exchange of concerned
parties. In addition, the accounting structure should mirror the conducted expert (Iyer and
Samociuk, 2016).
There are several standard as well as, guidelines in the relation to accounting and it is indicated
through which, exercises are restricted inside as well as, bookkeeping is identical. In addition to
this, accounting exercises that are recorded as well as, prepared should be in accordance with the
standard that are developed bythe company. Moreover, in this separated structure, different

APPLIED BUSINESS RESEARCH 5
things should be entailed as well as, moral equalization should be maintained in bookkeeping
activities. In such event, moral practices could be dropped back through relation with complete
fairness as well as genuineness as compared to, deceptive exercises would not occur (Capezio,
and Mavisakalyan, 2016).
Client organization
This investigation relies on accounting system of one of company in genial reception sector that
focuses on Sydney, Australia. In existing times, 148 employees who are working for association,
and company has annually overturned about a hundred as well as, twelve million dollars.
Companies incorporate system of international financial reporting standard (IFRS) to maintain
records of accounting. It supplies its client to significant conveniences, a strong assurance as well
as, services to its customer. Company is intended in a monopoly market and high challengers
into market. Thus, total revenue of company can be created via its several loyal customers
(Andon, et. al., 2015).
Real problem of research and its importance to research this topic
There is a problem related to accounting fraud problem. In an organization, several types of
accounting fraud could be conducted intentionally or unintentionally. This research supports to
comprehend prevention of accounting failure within an organization. This project has a wider
scope for accountants to gain their understanding of the prevention policies for accounting fraud
in Australia. It would have also wider scope for an academician to create their understanding
regarding issues of accounting failure as well as develops their knowledge about the solution of
accounting failure (Kummer, Singh, and Best, 2015).
Outline structure of proposal

APPLIED BUSINESS RESEARCH 6
The organization structure related with proposal will be advantageous for an investigator in order
to create a feasible judgment as well as, comprehends the elements that will be entailed with the
purpose of this research. These elements are introduction, literature review, and research
methodology (Van Akkeren, and Buckby, 2017). It can be discussed as given below:
Introduction
Under the introduction part, different elements are consideredfor completing the research like
research problem, aim with objectives, organizational structure, as well as, research scope. It can
be beneficial for completion of research within targeted cost as well as time (Mansor, 2015).
Literature review
In such part, an investigator would be competent for gaining the theoretical knowledge of
research concerns. It can be beneficial in order to attaining targeted aim in less time.
Furthermore, literature review would be considered by using several sources like online
publication, academic publication, textbooks, journal articles, as well as, offline sources. It can
be beneficial to collect the theoretical data associated with research issues. These sources can be
beneficial for obtaining a positive result in terms of existing research issues (Aris, et. al., 2017).
Research methodology
Under this research methodology chapter, several approaches, and techniques as well as,
strategies will be used that supports research concerns. These tools are data gathering method,
research strategies, research type, sample, and research approach. It can be beneficial for
achieving the research practices via selecting the significant mode for completion of research
(Prenzler, 2016).
Research problem and research objectives
The key problem of this investigation is to address accounting fraud prevention in Australia.