An Exploratory Study on the Use of Red Flags to Reduce Fraud in the Zimbabwean Corporates

Abstract

The purpose of this research was to establish the red flags that lead to committing of organizational frauds in Zimbabwe. At both International and local levels there is a general outcry on why there is a rise in the existence of organizational fraud yet this anomaly  can be prevented by  management. The purpose of this research was to explore the red flags to organizational frauds in corporates. The study explored the types of red flags in an organization and ways in which managers can use them to prevent more frauds. Various authors’ views on the subject were consulted. This study employed descriptive research design as its methodology. The reasons behind this choice was that this design allowed for the establishment of factors that impact on a variable and it is one of the methods that can be used also to obtain information concerning a phenomena. The researcher used a number of publications as a method of collecting data. The research concluded that leaders must effectively monitor a red flag to uncover organizational frauds and that there is a link between red flags and committing of organizational fraud.

Key words: red flag, organizational fraud