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1、此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译），无需调整复杂的格式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就一次的事！外文标题：Financial fraud risk management and corporate governance外文作者：Raymond Lutui,Tauaho Ahokovi文献出处:Proceedings of the 15th Australian Information Security Management Conference发表时间：2018(如觉得年份太老，可改为近2年，毕竟很多毕业生都这样做)英文3625单词，22
2、098字符(字符就是印刷符)，中文5782汉字。Financial fraud risk management and corporate governanceAbstractRisk management is important so that risk is assessed, understood and appropriately managed. This is important both for conformance and performance. It is essential that strategic planning and management decision
3、s are made appropriately in the context of the risk appetite of the corporation and its various stakeholders especially its shareholders. If a company does not have a good understanding of risk, the likelihood of conformance and performance failure is high, this implies good internal and external co
4、rporate intelligence. Large global corporations have a significant impact on economies around the world. These entities are subject to intense competition and require investor and customer confidence to underpin their activities. Poor governance adversely affects customers and investors, and makes c
5、orporation uncompetitive. This can also affect entire economies. In the context of the Global Financial Crisis (GFC), the collapse of the US investment bank Lehman brothers demonstrates that corporate failure can hurt economies globally. The failure of Lehman Brothers to properly manage and understa
6、nd risk is a clear example of the failure of good governance.Keywords: Fraud Risk Management, Corporate Governance, Good Governance, Fraud,INTRODUCTIONThe upsurge of financial scandals in the era of the 21st century raised awareness of deep-seated fraudulent activities (Kerr and Murthy 2013). Financ
7、ial statement fraud has cast an increasingly adverse impact on the individual investors and the stability of global economies (Zhou and Kapoor 2011). The failure of Enron has caused about a $70 billion lost in the capital market. The Computer Security Institute reported a significant increase in fin
8、ancial fraud cases recently (Reddy et al. 2012). The rise of many fraudulent occurrences is a serious inhibitor for potential investors because fraudulent financial reports have created a substantial negative impact on company reputations and market value (Hogan et al., 2008).Financial statements ar
9、e basic documents to reflect a companys financial status (Beaver 1966). Fraudulent financial reports are perpetrated to increase stock prices or to get loans from banks (Ravisankar et al., 2011). Financial statement fraud detection is vital because of the devastating consequences of financial statem
10、ent frauds (Ngai et al. 2011). Fraud behaviours are often subtle in the beginning (Chivers et al., 2013), therefore, it is difficult to detect them. Regulations play an important role to emphasize the responsibility of auditors to assess the risk of fraudulent financial reporting adequately (Srivast
11、ava et al. 2009). However, detecting frauds remains difficult because of the lack of a commonly accepted definition of reasonable assurance, limitations of audit methods and the cost constraints (Spathis, 2002; Hogan et al., 2008).The board of directors is the body that oversees the activities of an
12、 organisation. The board has a wide range of roles and functions that address both performance and conformance. It is preferable that the roles and responsibilities of the board be explicitly set out in a written chatter or constitution. The board must ensure appropriate procedures are in place for
13、risk management and internal controls, and it must also ensure that it is informed of anything untoward or inappropriate in the operation of those procedures. Any major operation issues will also be brought to the attention of the board for appropriate consideration and decision making.Despite these
14、 expectations, in many high-profile corporate collapses it is apparent that the board was informed about key business decisions or simply chose to comply with management. For example, in the case of a former prominent Australian company, HIH Insurance, it was apparent that the major takeover of anot
15、her company, FAI Insurance, was undertaken without rigorous debate at board level or due diligence being carried out before the transaction was finalised (CPA, 2016).RISK MANAGEMENTRisk management is defined as the “process of understanding and managing risks that the entity is inevitably subject to
16、 in attempting to achieve its corporate objectives (CIMA, 2005). For an organisation risks are potential events that could influence the achievement of the organisations objectives. Risk management is about understanding the nature of such events and where they represent threats, making positive plans to mitigate them. Fraud is a major risk that threatens the business, not only in terms of financial health but also its image a
