Abstract

http://ssrn.com/abstract=938736
 
 

References (34)



 
 

Citations (9)



 


 



Contemporaneous Risk Factors and the Prediction of Financial Statement Fraud


Christopher J. Skousen


Utah State University - School of Accountancy

Charlotte J. Wright


Oklahoma State University - Stillwater

August 24, 2006


Abstract:     
This study identifies the contemporaneous risk factors empirically related to financial statement fraud. Extant research identifies a number of individual factors related to fraud in various settings. In this study we examine an array of potential fraud risk factors in order to identify a comprehensive set of coexistent factors that are consistently linked to the incidence of financial statement fraud. Further, using the identified fraud risk factors, we construct a robust fraud prediction model. The analysis yields a number of significant factors related to pressure and opportunity. Using the significant fraud risk factors we then construct a fraud prediction model. The model correctly classifies fraud and no-fraud firms approximately 69.77 percent of the time, a substantial improvement over other fraud prediction models.

Number of Pages in PDF File: 42

Keywords: Fraud prediction, fraud detection, risk factors, SAS No. 99

JEL Classification: M41, M49, M43, G34

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Date posted: October 19, 2006 ; Last revised: August 21, 2008

Suggested Citation

Skousen, Christopher J. and Wright, Charlotte J., Contemporaneous Risk Factors and the Prediction of Financial Statement Fraud (August 24, 2006). Available at SSRN: http://ssrn.com/abstract=938736 or http://dx.doi.org/10.2139/ssrn.938736

Contact Information

Christopher J. Skousen (Contact Author)
Utah State University - School of Accountancy ( email )
College of Business
Logan, UT 84322-3540
United States
Charlotte J. Wright
Oklahoma State University - Stillwater ( email )
Stillwater, OK 74078-0555
United States
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References:  34
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