CEOs, CFOs, and Accounting Fraud

CEOs, CFOs, and Accounting Fraud

Introduction

The article 'CEOs, CFOs, and Accounting Fraud' by Douglas M. Boyle, Brian W. Carpenter, and Dana R. Hermanson was published in January 2012 in the CPA Journal. The article presents the implications of research in the accounting fraud area. This paper summarizes the article and includes a short history of corporate fraud. It also highlights the main point of the article and also discusses the implications for the CPAs.

Discussion

The accounting fraud or fraudulent financial reporting is a constant concern for U.S. investors for many decades. The periodic waves of accounting fraud results ...