Research Proposal Essay Example | Topics and Well Written Essays - 1500 words - 1

Research Proposal - Essay Example According to research, people today give little importance to ethics in financial sectors, due to which organizations that monitor company operations as well as prevent and detect fraud have come into being. In addition, the number of fraudulent activities that take place in organizations, especially in their accounting departments, has risen rapidly due to several factors (O’Gara, pp. 29-33, 2004). Due to this, the practice of anti-fraud and risk management organizations is becoming a part of ordinary business in financial sectors. Risk management usually focuses on insurance companies, but an area of growing concern for risk management experts is occupational fraud. Due to this fact, this proposed research plans to explore the various dimensions of occupational fraud. In depth, it will analyze the specific aiding factors, which individuals use to commit fraud in financial calculations. Statement of the Problem In the light of this plan, the proposed research will include eff orts on the following purpose statement: â€Å"To discover and analyze the risks and issues related to the occupational fraud that occurs in the financial calculations that take place in an organization† Aims and Objectives ... This research also plans to broaden the perspective of risk management professionals, when they seek problems in the financial sector only concerning typical occupational fraud, and to enable them to design better fraud-prevention measures. Apart from this, the researchers also aim to establish research and findings that are both realistic and eye opening so that they aid other researchers to come in the following years. Literature Review In order to conduct a research at a maximum level of efficiency, it is necessary to develop a thorough understanding of the thesis statement presented. Thus, this paper briefly analyzes available information about risk management, focusing on the different types of occupational fraud. Prior to presenting these types, most works define the occupational fraud, often employing similar terms (Wells, pp. 42-47, 2007). They describe it as exploiting an organization against the law through unethical actions, which result in the party committing the act gai ning benefit. Experts have further presented several categories of occupational fraud, of which each outlines a different aspect of it (Koletar, pp. 19-27, 2003). One of these types involves the thievery of a company’s assets, which in most cases around the globe, means cash. Over eighty-five percent of occupational frauds involve such thefts of cash from an organization. The other most frequently occurring type of occupational fraud is management fraud, where executives indulge in fraudulent activities by abusing their authority and power in an organization (Salinger, pp. 59-66, 2005). There are several other types of occupational fraud also,