Financial Reporting Fraud and Other Forms of Misconduct: A Multidisciplinary Review of the Literature

90 Pages Posted: 22 Aug 2017 Last revised: 25 May 2018

See all articles by Dan Amiram

Dan Amiram

Tel Aviv University - Coller School of Management

Zahn Bozanic

Ohio State University (OSU) - Fisher College of Business

James D. Cox

Duke University School of Law

Quentin Dupont

University of Washington - Michael G. Foster School of Business

Jonathan M. Karpoff

University of Washington - Michael G. Foster School of Business

Richard G. Sloan

University of Southern California - Leventhal School of Accounting

Date Written: December 11, 2017

Abstract

Financial reporting fraud and other forms of financial reporting misconduct are a significant threat to the existence and efficiency of capital markets. This study reviews the literature on financial reporting misconduct from the perspectives of law, accounting, and finance. Our goals are to establish a common language for researchers interested in this line of research, describe the main findings and challenges in these literatures, and provide directions for future research. Although research on financial reporting misconduct faces challenges, those challenges provide significant opportunities to advance the literature, as the answers to many questions on financial reporting misconduct remain unsettled.

Keywords: Financial reporting, fraud, misconduct, irregularities, misreporting, misrepresentation

JEL Classification: M41, K14, K22, K42, G14, G18, G32, G38

Suggested Citation

Amiram, Dan and Bozanic, Zahn and Cox, James D. and Dupont, Quentin and Karpoff, Jonathan M. and Sloan, Richard G., Financial Reporting Fraud and Other Forms of Misconduct: A Multidisciplinary Review of the Literature (December 11, 2017). Review of Accounting Studies, 2018, Vol 23(2), 732-783; Columbia Business School Research Paper No. 17-87. Available at SSRN: https://ssrn.com/abstract=3021055

Dan Amiram

Tel Aviv University - Coller School of Management ( email )

Tel Aviv
Israel

Zahn Bozanic (Contact Author)

Ohio State University (OSU) - Fisher College of Business ( email )

2100 Neil Avenue
Columbus, OH 43210-1144
United States

James D. Cox

Duke University School of Law ( email )

210 Science Drive
Box 90362
Durham, NC 27708
United States
919-613-7056 (Phone)
919-613-7231 (Fax)

Quentin Dupont

University of Washington - Michael G. Foster School of Business ( email )

Box 353200
Seattle, WA 98195-3200
United States

Jonathan M. Karpoff

University of Washington - Michael G. Foster School of Business ( email )

Box 353226
Seattle, WA 98195-3200
United States
206-685-4954 (Phone)
206-221-6856 (Fax)

Richard G. Sloan

University of Southern California - Leventhal School of Accounting ( email )

Los Angeles, CA 90089-0441
United States

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