Financial statement fraud : some lessons from US and European case studies

Title: Financial statement fraud : some lessons from US and European case studies
Authors: Brennan, Niamh
McGrath, Mary
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Date: Jul-2007
Online since: 2011-04-26T09:10:17Z
Abstract: This paper studies 14 companies which were subject to an official investigation arising from the publication of fraudulent financial statements. The research found senior management to be responsible for most fraud. Recording false sales was the most common method of financial statement fraud. Meeting external forecasts emerged as the primary motivation. Management discovered most fraud, although the discovery was split between incumbent and new management.
Funding Details: Not applicable
Type of material: Journal Article
Publisher: Wiley-Blackwell
Journal: Australian Accounting Review
Volume: 17
Issue: 42
Start page: 49
End page: 61
Copyright (published version): 2007 CPA Australia
Keywords: Financial reporting fraud
Subject LCSH: Financial statements--Case studies
Accounting fraud--Case studies
DOI: 10.1111/j.1835-2561.2007.tb00443.x
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Language: en
Status of Item: Peer reviewed
Appears in Collections:Business Research Collection
UCD RePEc Archive Collection

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