Employee Fraud Methods in Electronic Accounting Systems (Issues and Challenges)
Nwadighoha Chinedum Ephiraim
Department of Accounting
Michael Okpara University of Agricultural Umudike, Abia State
E-mail:
Chinedumnwadighoha@yahoo.com
ABSTRACT
Certain factors in the corporate culture can increase the likelihood of theft including poorly compensated employees, excessive pressure on employees to perform, a hostile work environment, corporate financial troubles, and negative examples from top management. Consequently, the study is aimed at investigating employee fraud methods in electronic accounting system. A population of 214 corporate organizations in Nigeria was chosen and non probability sample was applied to use the same 214 corporate organizations as the sample size. Ordinary Least Square (OLS) Regression Analysis was used to test the hypotheses with the aid of Durbin Waston F. Statistic model. The following findings were discovered, that the employee Fraud methods (EFM) coefficients of 3.811e-5 indicates a positive relationship with employee methods of theft (EMT) is not statistically significant and hence, the following recommendations were made, all employees must be assigned password for their log in, the audit trail must be regularly and promptly reconciled and staff users should not be allowed to have access to other staff data for their own work except the data that are relevant to their own functions.
Keywords: Employee Fraud Methods, Electronic Accounting System, Direct File Alteration, Program Alteration, Data Theft and Employee Sabotage.
