An analysis on the impact of financial statement fraud on the organisational performance of the manufacturing industry: A case of Tongaat Hullet Zimbabwe for the period 2018-2019.

Author
Kelly Murombo
Title
An analysis on the impact of financial statement fraud on the organisational performance of the manufacturing industry: A case of Tongaat Hullet Zimbabwe for the period 2018-2019.
Abstract
It is anticipated that the manufacturing sector in Zimbabwe will prioritize accountability, equity, and transparency. Financial statement fraud is a pervasive problem that endures, leading to the distortion of a firm's financial condition. The researcher conducted a case study on Tongaat Hullet Sugar manufacturing company during the timeframe of 2018 to 2019. The investigator employed a qualitative methodology by utilizing a survey instrument in the form of a questionnaire. The study aimed to ascertain the various forms of financial statement fraud prevalent in the sugar manufacturing sector of Zimbabwe, with a specific focus on Tongaat Hullet as a case study. Additionally, the study sought to identify the underlying factors that contribute to the occurrence of financial statement fraud at Tongaat Hullet. The research approach employed was aligned with these objectives. The primary aim of this study was to assess the influence of financial statement fraud on the operational effectiveness of Tongaat Hullet. Additionally, the study aimed to offer recommendations to the sugar manufacturing industry in Zimbabwe based on the research findings, with a focus on identifying best practices in financial management. A conceptual framework was developed to assess the impact of rationalization, opportunity, capability, arrogance, and pressure on the organizational performance of Tongaat Hullet, drawing on the Fraud Diamond Theory and Agency Theory. The findings indicated a significant positive association between opportunity (69%), capability (34%), and pressure (24.9%). The p-values, which were below 0.05, indicated the statistical significance of the correlations. The results of the regression analysis indicated the presence of a negative association between pressure and the organizational performance of Tongaat Hullet.
Date
2022
Publisher
BUSE
Keywords
Tongaat Hullet
Fraud
Supervisor
N/A
Item sets
Department of Intelligence and Security Studies
Media
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