The pattern of fraudulent accounting : Ethics, external auditing and internal whistle-blowing process

Author:

Ferri Di Fabrizio Loredana

Abstract

The ongoing debate in the literature centres on the compromised auditor’s independence in consequence of the relevant provisions perceived for non-audit services provided to the audited clients. The accounting scandals that have occurred over the past two decades show the lack of competence and independence of external auditors, who kept quite in the face of attempted frauds. The case of Tesco represents an undeniable example of the loss of auditor’s independence, who failed to detect accounting manipulation confirming the importance of whistle-blowing procedures in disclosing concerns before they become serious problems. When turnover occurs in CEOs it is more likely that a rotation in external auditors occurs as well. Finally, changes in top management enable whistle-blowing actions to be successful, interrupting the organization’s dependence on serious wrongdoings and preventing a disastrous ending. The success of whistle-blowing in preventing company failure makes it an effective instrument of сorporate пovernance.

Publisher

Virtus Interpress

Subject

Strategy and Management,Public Administration,Economics and Econometrics,Finance,Business and International Management

Reference37 articles.

1. Alleyne P., Hudaib M., Pike R. (2013): “ Towards a conceptual model of whistle-blowing intentions among external auditors”, The British Accounting Review, 45 pp. 10-23.

2. Barlaup K., Dronen H.I., Stuart I. (2009): “ Restoring trust in auditing: ethical discernment and the Adelphia scandal”, Managerial Auditing Journal, Vol.24 No.2, 2009 pp.183-203.

3. Buckley, Conor, Cotter, Derry, Hutchinson, Mark, & O’Leary Conor (2010): “ Empirical evidence of lack of significant support for whistleblowing”, Corporate Ownership and Control, Vol. 7 (3), pp. 275-283.

4. Carmichael D.R., Swieringa R.J. (1968): “The Compatibility of Auditing Independence and Management Services – An Identification of Issues, The Accounting Review, pp.697-705.

5. Citron D.B., Taffler R.J. (2001): “ Ethical Behaviour in the U.K. audit Profession: The Case of the Self-Fulfilling Prophecy Under Going-Concern Uncertainties, Journal of Business Ethics, pp. 29: 353-363.

Cited by 8 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Corporate governance of state-owned enterprises and their role in the society: How has it changed during COVID-19?;Corporate governance: A search for emerging trends in the pandemic times;2021

2. Audit committee guidance for strengthened corporate governance;Corporate Board role duties and composition;2020

3. Corporate governance: How fiscal and industry revolution in Italy can change the labour market?;Corporate Law and Governance Review;2019

4. The effects of legal certification of accounts on company performance: The Portuguese case;Corporate Governance and Organizational Behavior Review;2019

5. Corporate governance reform in Italy during 2000-2017 (Codice di Autodisciplina 2015);Corporate governance: Search for the advanced practices;2019

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3