Major Financial Reporting Frauds of the 21 st Century: Corporate Governance and Risk Lessons Learned
Year: 2011
Type: preprint
Abstract: Major financial reporting frauds of the 21st Century are studied in this paper for lessons learned and strategies to reduce the incidence of such frauds in the future. As Howard Schilit observed: “I read recently that the one lesson we have learned from history is that we have learned nothing from history. Yet my mantra remains that in order to find fraud, we must study the history of fraud. A common element in all the fraud I have described is that their warning signs were not hard to find; in fact, they were hard to miss.
Source: SSRN Electronic Journal
Authors: Hugh Grove, Elisabetta Basilico
Institution: University of Denver
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1572148743