Does Digitalization Always Bring Happiness?

Author:

Erbuga Gokce Sinem1

Affiliation:

1. Dokuz Eylul University, Turkey

Abstract

Digital developments affect all societies in some way. Due to its multifaceted nature, digitalization can offer many opportunities as well as create difficulties and disruptions. The handicap created by these opportunities and threats designed by digitalization shows itself in accounting practices too. So, in the era of digitalization, businesses have become more open to financial fraud. In this direction, the fraudulent actions of a collapsed digital payment company, Wirecard, are evaluated and discussed in terms of forensic accounting by analyzing the official written documents and records. To provide clarification for solving the crime-related activities of Wirecard, the underlying reasons were handled throughout the research. The aim of this research is to provide a comprehensive understanding of the biggest fraud scandal of the last few years and fill the gap in the forensic accounting domain with a digitalization focus. In the study, suggestions have also been made for businesses to deter financial fraud that can be caused by digitalization.

Publisher

IGI Global

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