Business busts and U.S. auditors' interest in fraud detection: Evidence from the 20th century
Moussalli, Stephanie D., Karahan, Gökhan, & Islam, Muhammad Azizul (2016) Business busts and U.S. auditors' interest in fraud detection: Evidence from the 20th century. Journal Of Business, Industry, and Economics, 21(Spring), pp. 1-39.
We find evidence that U.S. auditors increased their attention to fraud detection during or immediately after the economic contractions of the 20th century, based on a content analysis of the 12 volumes of the 20th-century auditing reference series Montgomery’s Auditing. Contractions, however, do not seem to have affected auditors’ attention to the formal goal of fraud detection. The study suggests that auditors’ aversion to the heightened risks of fraud during economic downturns leads them to focus more on fraud detection at those times regardless of the particular guidance in formal audit standards. This study is the first to find some evidence of a recession-influenced difference between fraud detection practices and formal fraud detection goals.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||Journal Article|
|Keywords:||Busts, Auditors, Public Interest, Legitimacy, Fraud, Evidence|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2016 University of North Alabama|
|Deposited On:||06 Apr 2016 03:21|
|Last Modified:||11 Apr 2016 04:02|
Repository Staff Only: item control page