Ethical dilemma - a pathway to fraud or not?

Ivan Mate Ćerdić and Goranka Knežević

The European Journal of Applied Economics, 2023, vol. 20, issue 2, 79-92

Abstract: Financial fraud committed by employees is a phenomenon that has been present in business and professional circles for a long time, however, with the advent of increasingly sophisticated techniques for doing so, the real challenge is how to prevent fraud. The main aim of the research is that when the opportunity arises to commit financial fraud, ethical principles and codes of conduct go beyond the personal and collective motives of employees. Furthermore, we try to confirm that constant training of employees on the topic of the code of ethics reduces the possibility of financial fraud in the company. To support research questions, we conducted a survey. The respondents were employees engaged in varioustypes of jobs in the Accounting, Finance, and Auditing sector as well as students from the Accounting and Auditing program in Serbian domestic public faculties and universities. The period of the research was April-May 2021. The research results showed that almost 50% of respondents never get training in the area of code of ethics application in real-life cases, and 20-30% remain undecided on each ethical dilemma presented in the questionnaire, therefore confirming our hypothesis that there is a much room to implement ethical training as the most important prevention technique for fraud in Serbian companies.

Keywords: ethics; principles; employee; fraud; financial; code of ethics; code of conduct. (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.singidunum.ac.rs/files/2023-20-2/e ... -to-fraud-or-not.pdf (application/pdf)
https://journal.singidunum.ac.rs/paper/ethical-dil ... hway-to-fraud-or-not (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sng:ejae01:194

DOI: 10.5937/EJAE20-41124

Access Statistics for this article

More articles in The European Journal of Applied Economics from Singidunum University, Belgrade
Bibliographic data for series maintained by EJAE Editorial Office ().