Abstract
In the last two decades there have been many cases of accounting frauds or scandals, most notably the Enron and Bernie Madoff scandals, WorldCom, Tyco International Ltd., and Adelphia Communications Corporation. Fraud is an emerging global problem in private and public organizations that causes tremendous loss to the business world and creates morale problems in the workplace. Researchers and practitioners have conducted many studies to identify the fraud indicators and to build fraud prevention procedures. This paper facilitates understanding fraud as well the factors that motivate fraudsters to commit crime. The paper also highlights some detection techniques and prevention tools with emphasis on deterrence practices.
Published Version
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