A Fraud Audit: Do You Need One?

Buckhoff, Thomas A.; Higgins, Leslee N.; Sinclair, Debra T.

doi:10.19030/jabr.v26i5.316

Cited by 5 publications

(6 citation statements)

References 4 publications

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“…Indeed, such events resulted in a 'crisis of confidence' in American capitalism, which led to wide-ranging debates, culminating in the Sarbanes-Oxley Act of 2002. The latter reformed and strengthened the regulation of accounting, auditing and corporate governance (Buckhoff et al, 2010;Raiborn and Schorg, 2004).So the implementation of creative auditing in the Sunbeam case represents a temporary condition that impinged on its failure path. This does not imply that creative auditing is no longer possible in any shape or form; certainly, new regulations, starting with the Sarbanes-Oxley Act, filled some holes in the legislation.…”

Section: Discussion: Putting the Case To Workmentioning

confidence: 99%

Accounting fraud, business failure and creative auditing: A microanalysis of the strange case of the Sunbeam Corporation

Agostini

Favero

2017

Accounting History

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This article closely examines the Sunbeam Corporation’s path to failure and explores the reasons for its singularity. From the analysis of US fraud cases included in the UCLA-LoPucki Bankruptcy Research Database, this corporate case appears as an outlier. For Sunbeam, the time-lapse between fraud disclosure and its final bankruptcy is the longest of the entire sample; it is unique because of its length. This article uses a historical microanalysis to evaluate different hypotheses about the Sunbeam Corporation’s path to failure. The relationships between acquisitions and fraud, ‘scapegoat dynamics’ and ‘creative auditing’ are identified as the most relevant issues to be examined against a changing institutional context. The resulting reconstruction of the events provides unexpected insights and recommendations for future research on auditing and accounting fraud

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Section: Discussion: Putting the Case To Workmentioning

confidence: 99%

Accounting fraud, business failure and creative auditing: A microanalysis of the strange case of the Sunbeam Corporation

Agostini

Favero

2017

Accounting History

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“…The purpose of a financial statement auditing is to determine whether the financial statements of a company "present exactly" its financial position at a given point in time. Investors, creditors, regulators and other stakeholders rely on the veracity of financial statements to make economic decisions about a company (Buckhoff et al, 2010). Coenen (2006) and Cheney (2005) (quoted by DiGabriele, 2009) believe that the historical answer of the accounting profession regarding the belief that auditing "can and must find fraud" is that the public does not understand the nature and limitations of an auditing.…”

Section: Financial Statement Fraud: Financial Auditing or Forensic Ac...mentioning

confidence: 99%

“…The purpose of a financial statement auditing is to determine whether the financial statements of a company “present exactly” its financial position at a given point in time. Investors, creditors, regulators and other stakeholders rely on the veracity of financial statements to make economic decisions about a company (Buckhoff et al , 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

Forensic accounting tools for fraud deterrence: a qualitative approach

Navarrete

Gallego

2022

JFC

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Purpose The purpose of this paper is to understand if forensic accounting techniques and tools could contribute to the deterrence of fraud in financial statements, considering the expertise of forensic accountant on ex post activities and that the traditional mechanisms to prevent this type of fraud have not been sufficient to stop the impact on companies, investors, auditors, employees and on society in general. Design/methodology/approach This research was carried out using a qualitative exploratory study with a phenomenological approach conducted through in-depth interviews with professional experts in the forensic field. Findings The findings confirm that the use of forensic accounting techniques and tools could contribute to the prevention of fraud in financial reporting not only when the risk of fraud has been materialized. Similar studies, about fraud prevention addressing the situation under a qualitative approach from the perspectives of its protagonists, have not been observed in the bibliographical review, so this research contributes to expanding the scientific research, the study and practice of forensic accounting. Originality/value From a business management perspective, this study contributes a paradigm shift from the traditional ex post forensic auditing activity toward an ex ante activity to improve management control systems within organizations anywhere in the world. Because this study is guided to prevent fraudulent financial statements, other fraud categories such as misappropriation or corruption could be addressed in other studies and various countries.

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“…Penyimpangan-penyimpangan ini disebut academic fraud. Kecurangan akademik adalah perbuatan tidak jujur yang dilakukan dengan sengaja oleh mahasiswa untuk mencapai kepentingan akademis (Buckhoff, 2010). Adanya academic fraud berdampak pada kesalahan representasi pemahaman pengetahuan dan kemampuan akademik mahasiswa yang sebenarnya (Meng et al, 2014).…”

Section: Pendahuluanunclassified

Apakah Pembelajaran Online Meningkatkan Preferensi Mahasiswa dalam Melakukan Kecurangan Akademik? Dimensi Fraud Pentagon

et al. 2022

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The study aims to provide empirical evidence to analyze the factors that encourage students to take academic fraud actions when learning online during the Covid-19 pandemic. The data in this study are primary data collected through a survey technique using a questionnaire. The respondents obtained were as many as 273 undergraduate accounting students at a university in Central Java. The data analysis method to test the hypothesis used in this study is multiple linear regression using the SPSS 24 application. Based on the regression test, it was found that pressure, opportunity, rationalization, and ability variables have a significant effect on academic cheating behavior during online learning. On the other hand, the arrogance variable has no significant effect on cheating behavior in online learning. Keywords: Academic Fraud; Fraud Pentagon; Online Learning

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A Fraud Audit: Do You Need One?

Cited by 5 publications

References 4 publications

Accounting fraud, business failure and creative auditing: A microanalysis of the strange case of the Sunbeam Corporation

Accounting fraud, business failure and creative auditing: A microanalysis of the strange case of the Sunbeam Corporation

Forensic accounting tools for fraud deterrence: a qualitative approach

Apakah Pembelajaran Online Meningkatkan Preferensi Mahasiswa dalam Melakukan Kecurangan Akademik? Dimensi Fraud Pentagon

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