Executive positions involved in white‐collar crime

Abstract

A special kind of financial crime is labelled white-collar crime, where characteristics of the offender include position, power, relationships, and social status. The purpose of this empirical study of white-collar crime in business organizations was to create insights into perceptions of potential offenders. The study identified financial misconduct by chief executives in the company as the crime associated with the most serious consequence for the company. A person in purchasing and procurement function is assumed to be most likely involved in white-collar crime.

Banker Professional Ethics Violation in Banking Business

“…[17] That is the way crime is committed, which is determined by the character's behaviour of professionals. [18], [19] Professional crime perpetrators, each of whom is categorized as law such as fraud/fraud, then the reality is associated with statutory regulations. Professional crime, for the most part, is sociological construction [1].…”

Fraudulent financial reporting: an application of fraud diamond to Toshiba’s accounting scandal

“…White-collar crime is committed by members of privileged socioeconomic statuses and respected firms for financial gain and are facilitated by opportunity, pressure and rational (Sutherland, 1940). White-collar crime encompasses occupational crime and tend to be deceitful, intentional, breach trust, involves losses, concealed and committed by high-level professionals (Gottschalk, 2011). Accounting fraud is part of white-collar crime as it is “an intentional act by […] management, those charged with governance, employees or third parties, involving the use of deception to obtain […] illegal advantage” (IFRS, 2009, p. 159).…”

“…Gottschalk (2011) conducted an empirical study to investigate the top-level executive positions in white-collar crime. Gottschalk (2011) received 111 complete responses by Chief Financial Officers (CFOs), Chief Executives Officers (CEOs) and financial controllers, arguing that top-level executives are more vulnerable to commit occupational crime. However, Sutherland’s meta-analysis of white-collar crime has been subjected to considerable criticism.…”

“…This view is supported by Friedrichs (2004), who collected and analysed the biggest cases of FSF, which are based on US GAAP and categorised as white-collar crime. Gottschalk (2011) conducted an empirical study to investigate the top-level executive positions in white-collar crime. Gottschalk (2011) received 111 complete responses by Chief Financial Officers (CFOs), Chief Executives Officers (CEOs) and financial controllers, arguing that top-level executives are more vulnerable to commit occupational crime.…”