Everything about Fraud deterrence
Fraud deterrence has gained public recognition and spotlight since the 2002 inception of the Sarbanes-Oxley Act. Of the many reforms enacted through Sarbanes-Oxley, one major goal was to regain public confidence in the reliability of financial markets in the wake of corporate scandals such as Enron, WorldCom and Waste Management. Section 404 of Sarbanes Oxley mandated that public companies have an independent Audit of internal controls over financial reporting. In essence, the intent of the U.S. Congress in passing the Sarbanes Oxley Act was attempting to proactively deter financial misrepresentation (Fraud) in order to ensure more accurate financial reporting to increase investor confidence. This same concept is applied in the discussion of fraud deterrence. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Fraud deterrenceA 5-minute orientation
- Skim a recent paper: Re-examining the fraud hexagon through corruption deterrence by regulatory undertakings and corporate disclosures in Nigerian financial institutionsInfluential work since 2022
- Pick up a classic book: Ministry of DefenceThe most-reprinted book on the subject
- Read the landmark paper: The Deterrence Effects of Vicarious Punishments on Corporate Financial FraudCited 142 times
- Go sideways: Statement on Auditing Standards No. 99: Consideration of FraudA closely related topic
- Go sideways: Entity-level controlA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
The Deterrence Effects of Vicarious Punishments on Corporate Financial Fraud
Claims Auditing in Automobile Insurance: Fraud Detection and Deterrence Objectives
Food Fraud: Causes, Consequences, and Deterrence Strategies
Board of Director's Attributes as Deterrence to Corporate Fraud
Counteracting Identity Fraud in the Information Age: The Identity Theft and Assumption Deterrence Act
Forensic accounting tools for fraud deterrence: a qualitative approach
Causes, effects and deterrence of insurance fraud: evidence from Ghana
Foucault’s Theory Of Governance And The Deterrence Of Internet Fraud
🆕 Influential since 2022
Re-examining the fraud hexagon through corruption deterrence by regulatory undertakings and corporate disclosures in Nigerian financial institutions
Fraud Deterrence: The Management’s Intention In Using FCP
How does the deterrence of fraud affect firms’ innovation outputs?
Enhancing Fraud Deterrence in Local Governments: The Role of Internal Controls and E-Procurement in Indonesia
Internal Motivations Versus External Deterrence: Validating GONE Theory on Financial Statement Fraud in an Emerging Market
📚 Books worth reading
Ministry of DefenceNational Audit Office · 1984- 📕Wall Street fraud and fiduciary dutiesUnited States. Congress. Senate. Committee on the Judiciary. Subcommittee on Crime and Drugs · 2011
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Statement on Auditing Standards No. 99: Consideration of Fraud Statement on Auditing Standards No. 99: Consideration of Fraud in a Financial Statement Audit, commonly abbreviated as SAS 99, is an auditing statement…
- Entity-level control An entity-level control is a control that helps to ensure that management directives pertaining to the entire entity are carried out. These controls are…
- Information technology controls Information technology controls (or IT controls) are specific activities performed by persons or systems to ensure that computer systems operate in a way…
- Committee of Sponsoring Organizations of the Treadway Commission The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is an organization that develops guidelines for businesses to evaluate internal…
- Internal control Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency…
- SSAE No. 18 Statement on Standards for Attestation Engagements no. 18 (SSAE No. 18 or SSAE 18) is a Generally Accepted Auditing Standard produced and published by…
- Generally Accepted Auditing Standards Generally Accepted Auditing Standards, or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several organizations…
- Internal audit Internal auditing is an internally-administered assurance and consulting activity designed to add value and improve an organization's operations. It helps…