Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/13562
Title: A synthesis of fraud-related research
Authors: Trompeter, Gregory M.
Carpenter, Tina D.
Desai, Naman
Jones Keith L.
Keywords: Auditing;Literature review;Accounting fraud;Financial statements
Issue Date: 2013
Publisher: Auditing: A Journal of Practice & Theory
Citation: Trompeter, G. M., Carpenter, T. D., Desai, N., Jones, K. L., & Riley Jr., R. A. (2013). A Synthesis of Fraud-Related Research. Auditing: A Journal Of Practice & Theory, 32287-321.
Abstract: We synthesize academic literature related to fraudulent financial reporting with dual purposes: (1) to better understand the nature and extent of the existing literature on financial reporting fraud, and (2) to highlight areas where there is need for future research. This project extends the work of Hogan et al. (2008), who completed a similar synthesis project, also sponsored by the Auditing Section of the American Accounting Association, in 2005. We synthesize the literature related to fraud by examining accounting and auditing literature post-Hogan et al. (2008) and by summarizing relevant fraud literature from outside of accounting. We review publications in accounting and related disciplines including criminology, ethics, finance, organizational behavior, psychology, and sociology. We synthesize the research around a model that illustrates the auditor's approach to fraud. The model incorporates auditors' use of the fraud triangle (i.e., management's incentive, attitude, and opportunity to commit fraud), their assessment of the existence and effectiveness of the client's anti-fraud measures (e.g., corporate governance mechanisms and internal controls), and their consideration of possible fraud schemes and concealment techniques when making an overall fraud risk assessment of the client. The model further illustrates how auditors can incorporate this assessment into an overall strategy to detect fraud by implementing appropriate fraud-detection procedures. We summarize the recent literature of each component of the model and suggest avenues for future research.
URI: http://hdl.handle.net/11718/13562
ISSN: 02780380
Appears in Collections:Journal Articles

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