The financial reporting fraud is still difficult to be detected because of a concealed and sophisticated nature of most … fraud schemes, and a lack of effective fraud detection procedure. Fraud schemes have become more complex, sophisticated with … the aid of advanced technology, and causes loss and damage to the financial community. A fraud scheme is the way (action …

and consequences of accounting fraud. In particular, we examine whether large audit firms reduce the incidence of … considering the severity of fraud, using alternative measures of fraud, accounting for the self-selection of auditors and … financial statement fraud in China, an emerging market in which auditors face strong government sanctions but low litigation …