Corporate Fraud and Corruption: A Holistic Approach to Preventing Financial Crises

Description

Recent large-scale corporate collapses, such as Lehman Brothers, Enron, Worldcom, and Parmalat, highlight the implosion of traditional models of fraud prevention. By focusing on risk factors at the micro level, they have failed to take into account the broader context in which external auditors operate as well as the crucial importance of such factors as corruption, organizational culture, corporate social responsibility, ethical values, governance, ineffective regulation, and a lack of transparency. Corporate Fraud and Corruption engages readers by showing how evidence-based, multi-level micro and macro analysis of fraud risk and protective factors inform effective fraud prevention, in turn minimizing financial catastrophes. Krambia-Kapardis focuses on her own empirical research into the aetiology of fraud to showcase a holistic approach to fraud prevention. This book also features major case studies from the United States, the United Kingdom, and Australia.

Table of Contents

1. Foreword; Michel Dion
2. Financial Crisis, Fraud, and Corruption
3. Financial Crisis Prevention through Regulation
4. Ensuring Corporate Ethical Behavior
5. Private and Public Sector Governance
6. A Holistic Model of Corruption and Corporate Fraud Prevention

Author Biography

Maria Krambia-Kapardis is Associate Professor of Accounting at Cyprus University of Technology and Chair of Transparency International – Cyprus. Central themes that underlie much of her research are forensic accounting, fraud prevention, and anti-corruption, as well as corporate social responsibility, corporate governance, and business ethics.