Research Topics in Accounting Fraud in the 21st Century: A State of the Art

Monica Ramos Montesdeoca, Agustín J. Sánchez Medina and Felix Blázquez Santana
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Monica Ramos Montesdeoca: Instituto Universitario de Ciencias y Tecnologías Cibernéticas, University of Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain
Agustín J. Sánchez Medina: Instituto Universitario de Ciencias y Tecnologías Cibernéticas, University of Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain
Felix Blázquez Santana: Instituto Universitario de Ciencias y Tecnologías Cibernéticas, University of Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain

Sustainability, 2019, vol. 11, issue 6, 1-31

Abstract: Companies play a role in society that clearly goes beyond mere economic interest. Their contribution to social development and to the sustainability of the territory where they are located seems unquestionable. However, after the great financial scandals of companies such as ENRON, WorldCom or AHOLD, interest groups require accurate and transparent financial information. The development of more demanding financial reporting standards seems, however, not to have been up to scratch, since accounting fraud continues to be detected all over the world. The search, therefore, for possible causes that may induce companies to act unethically was the main motivation behind this research. To do this, a review of the literature in high-impact journals that has dealt with accounting fraud, covering the main lines of research, was carried out. The findings of the literature review highlight the importance of responsible corporate governance and good accounting practices, as well as the importance of certain psychological characteristics of managers and employees as enhancers of the lack of ethics. It is clear that the social cost of accounting fraud should be minimized, and governments should develop specific policies that combine responsible corporate governance in companies with the sustainability of their environment.

Keywords: accounting fraud; literature review; misstatement; audit; corporate governance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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