Financial Statement Fraud: Some Lessons from US and European Case Studies

Brennan, Niamh; McGrath, Mary

doi:10.1111/j.1835-2561.2007.tb00443.x

Cited by 76 publications

(65 citation statements)

References 17 publications

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“…4 For instance, Brennan and McGrath (2007) on the basis of 14 fraud cases, focus on incentives and opportunities. 5 Uzun et al (2004) also used cases as identified in the financial press, but with a focus on governance mechanisms.…”

Section: Future Researchmentioning

confidence: 99%

Corporate Fraud and Managers’ Behavior: Evidence from the Press

et al. 2010

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Section: Future Researchmentioning

confidence: 99%

Corporate Fraud and Managers’ Behavior: Evidence from the Press

et al. 2010

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“…National research studies around the world (Amat, Blake, 2006;Brennan, McGrath, 2007;Murphy 2011;or Henselmann, Hofmann, 2010;and Jones, 2010) show that there is a growing pressure in enforcing transparency and business ethics, which is true not only for publicly traded companies, but also for example the misuse of subsidies by prominent entities, substantiation in accounting. Demands are namely imposed on administrative bodies whose responsibility is to guarantee the development of corporate culture and to promote shared values inside the company.…”

Section: Methodsmentioning

confidence: 99%

Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards

Drábková¹

2015

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The main objective of fi nancial statements is to give information. The diversity of interests and objectives of individual groups of users and creators of fi nancial statements presents the risk of manipulation of fi nancial statements in the context of true and fair view as defi ned in the national accounting legislation. The paper is concerned with the diff erent possibilities of detecting the manipulation of fi nancial statements in terms of the Czech Accounting Standards and IFRS. The paper analyzes the selected risk detection models of the manipulation of fi nancial statements using creative accounting methods, off -balance sheet fi nancing methods and accounting frauds in specifi c case studies of selected accounting unit in terms of Czech accounting standards. Based on the analysis and comparison of the results thereof, the paper presents and evaluates the alternatives of users of fi nancial statements to evaluate the risk of manipulation of fi nancial statements beyond the scope of a fair and true view. The evaluation further includes a comparison of uses of these models with respect to the International Financial Reporting Standards.

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“…The definition of financial reporting fraud according to the American Institute Certified Public Accountant 1998 is a deliberate act or omission which results in material misstatement that misleads the financial statements. In addition, according to the Australian Auditing Standards (AAS), financial reporting fraud is a negligence or intentional misinterpretation of a certain amount or disclosure in financial reporting to deceive users of financial statements [14,1].…”

Section: Fraud In Financial Reportingmentioning

confidence: 99%

The Influence of Corporate Governance Mechanism against Fraud in Financial Statements

Wahyudi¹,

Handayani²,

Chairunesia³

2019

SJEF

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This study aims to determine the effect of corporate governance mechanisms on fraud in financial reporting. The sampling technique used was purposive sampling. This research was conducted at non-financial companies with a research time period (2015)(2016)(2017). The estimated model used is logistic regression analysis. The purpose of this study is to determine whether corporate governance mechanisms influence fraud in financial reporting. This research involves 2 (two) variables consisting of 1 (one) dependent variable, 2 (two) independent variables. The dependent variable in this study is fraud in financial reporting. The independent variables in this study are the audit committee and leverage. The results of the research conducted in the regression analysis are 11.5% of the corporate governance mechanism variables against fraud in financial reporting. This means that corporate governance mechanisms simultaneously influence fraud in financial reporting. PRELIMINARY RESEARCH BACKGROUNDChanges in financial reporting will certainly have an adverse effect, because society in general measures the success of the company based on its performance. One of the company's performance can be seen based on financial statements that provide financial information about operating activities and the company's financial position [1]. The performance appraisal encourages management to carry out the company's operational activities to the full, so as to provide information to stakeholders that the company is in a healthy condition. However, efforts made by management tend to lead to fraud in financial reporting. This causes the information in the financial statements to be irrelevant to stakeholders as a basis for decision making [2].

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Financial Statement Fraud: Some Lessons from US and European Case Studies

Cited by 76 publications

References 17 publications

Corporate Fraud and Managers’ Behavior: Evidence from the Press

Corporate Fraud and Managers’ Behavior: Evidence from the Press

Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards

The Influence of Corporate Governance Mechanism against Fraud in Financial Statements

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