In the present age of scams, financial statement fraud represents enormous cost to our economy. The deliberate misstatement of numbers in the accounting books with the help of well planned scheme by an intelligent squad of knowledgeable perpetrators in order to deceive the capital market participants is termed as financial statement fraud. In order to reduce fraud risk which comprehends both de...

Accountant working in the private or public sector companies must remain impartial and loyal to ethical guidelines when reviewing a company or individuals financial records for reporting purposes. People are expecting a lot from the professional community and the quality of the complex services provided by the accounting profession have confidence. Of The information provided by accountants sho...

In the wake of financial frauds and related audit issues, the US Congress passed the Sarbanes-Oxley (SARBOX) Act of 2002. Key to becoming SARBOX compliant are information systems (IS) that satisfy the mandates regarding internal controls, corporate governance, and fraud detection. These legal developments focusing senior management's attention on (1) internal controls are present and functionin...

a r t i c l e i n f o Keywords: Data mining Financial fraud detection Feature selection t-statistic Neural networks SVM GP Recently, high profile cases of financial statement fraud have been dominating the news. This paper uses data mining techniques such as Multilayer to identify companies that resort to financial statement fraud. Each of these techniques is tested on a dataset involving 202 C...

Research summary: We document the extent of fraudulent reporting among 467 private Chinese technology companies. Comparing the financial statements concurrently submitted to two different state agencies, we demonstrate a systematic gap in reported profit figures in the two sets of books. We find: (1) more than half the sampled companies report incentive-compatible, materially discrepant profit ...

Purpose The purpose of this paper is to explore whether the choice International Financial Reporting Standards (IFRS) vs Generally Accepted Accounting Principles (GAAP) associated with frequency and likelihood accounting irregularities fraud in US banks. Design/methodology/approach authors examine relationship between financial reporting standards publicly listed Using a sample 4,284 banks obse...

This study analyzes the influence of Fraud Hexagon and Corporate Governance on fraudulent financial reporting. Independent variables in this are corporate governance while dependent variable is Samples state-owned affiliated entities listed Indonesia Stock Exchange. Data were analyzed using logistic regression analysis. Test results show that opportunity rationalization have a very significant ...