Universal Journal of Accounting and Finance Vol. 7(3), pp. 76 - 82
DOI: 10.13189/ujaf.2019.070302
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An Overview of Instruments and Tools to Detect Fraudulent Financial Statements

Gianluca Gabrielli ^*, Alice Medioli
Department of Economic and Management Sciences, University of Parma, Italy

ABSTRACT

The great corporate frauds reported over the past twenty years have damaged and undermined the confidence of stakeholders, shareholders, investors, savers, and regulators. These facts have increased the focus on prevention and detection activities and tools. Fraud is costly, therefore it is very important to prevent and detect the fraudulent event to avoid high losses and damages to corporate financial health. Fraud detection is a dynamic discipline where traditional auditing activity is strengthened with new tools like Benford's Law and Beneish Model. This paper aims to focus on the analysis of the usage and application of these instruments in detecting accounting fraud.

KEYWORDS
Fraud, Beneish Model, Benford's Law

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Gianluca Gabrielli , Alice Medioli , "An Overview of Instruments and Tools to Detect Fraudulent Financial Statements," Universal Journal of Accounting and Finance, Vol. 7, No. 3, pp. 76 - 82, 2019. DOI: 10.13189/ujaf.2019.070302.

(b). APA Format:
Gianluca Gabrielli , Alice Medioli (2019). An Overview of Instruments and Tools to Detect Fraudulent Financial Statements. Universal Journal of Accounting and Finance, 7(3), 76 - 82. DOI: 10.13189/ujaf.2019.070302.