Abstract
In an environment that is becoming increasingly unstable due, primarily, to new international requirements and rapid changes, the problem of financial fraud detection has grown in importance. One of the main causes is the growing dependence on new technologies. This environment has required companies to adapt to face the new constraints. In fact, financial fraud is a problem that has a profound impact on the financial industry, government, businesses and ordinary consumers. The objective of this paper is double: the first one is to study the explanatory factors and the main variables developed in order to better detect the existence of financial fraud and we have emphasized the importance of taking into account non-accounting variables in the detection of financial fraud which remains little treated by empirical studies. The second objective of this research is to emphasize the importance of internal control, through a literature review, in the fight against financial fraud.
Highlights
In an environment that is becoming increasingly unstable due, primarily, to new international requirements and rapid changes, the problem of financial fraud detection has grown in importance
Financial fraud is a problem that has a profound impact on the financial industry, government, businesses and ordinary consumers
This research aims to contribute to the literature dealing with the detection of financial fraud, which is fairly recent and still timid, especially those based on detection through non-accounting elements
Summary
In an environment that is becoming increasingly unstable due, primarily, to new international requirements and rapid changes, the problem of financial fraud detection has grown in importance. Financial fraud such as credit card fraud, corporate fraud and money laundering as well as financial statement fraud has caused many bankruptcies and business closures around the world (Enron , Lucent and WorldCom, etc.). This has garnered considerable attention from the public, media, investors, the financial community and. The aim of this study is double: the first one is to provide theoretical summary overviews of the main work on the processes of financial fraud detection while emphasized the importance of taking into account non-accounting variables in the detection of financial fraud. We show the importance of internal control in the fight against financial fraud
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