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

Niamh Brennan () and Mary McGrath

Open Access publications from Research Repository, University College Dublin

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.

Keywords: Financial reporting fraud; Financial statements--Case studies; Accounting fraud--Case studies (search for similar items in EconPapers)
Pages: 13 pages
Date: 2007-07
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Citations: View citations in EconPapers (14)

Published in: Australian Accounting Review, 17(42) 2007-07

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http://hdl.handle.net/10197/2903 Open Access version, 2007 (application/pdf)

Related works:
Journal Article: Financial Statement Fraud: Some Lessons from US and European Case Studies (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:rru:oapubs:10197/2903

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