This article presents investment firms, especially brokerage companies, in terms of violations of regulations and legislation related to capital market. The first stage of the research hilights the responsibilities of investment firms from Romania to prevent fraudulent practices and market...

“If we ought to speak about fraud, we should equally mention the legal or legitimate fraud, but also: the illegal fraud, the international evasion, the legal evasion, the illegal evasion, the tax haven or refuge, the abuse of the right to escape the tax, the freedom of choosing the less taxed...

Businesses fail not only because of financial problems but also due to factors such as earnings-management and personal values. The problem with managing earnings is it becomes an ethical practice, regardless of who is or may be affected by the practice or the information that flows from it....

This article presents investment firms, especially brokerage companies, in terms of violations of regulations and legislation related to capital market. The first stage of the research hilights the responsibilities of investment firms from Romania to prevent fraudulent practices and market...

This paper presents a comparative analysis of three American (Enron, WorldCom and HealthSouth) and three European (Parmalat, Royal Ahold and Vivendi Universal) corporate failures. The first part of the analysis is based on a theoretical framework including six areas of ethical climate; tone at...

This paper examines the largest corporate fraud in India at Satyam Computer Services Ltd. This fiasco occurred in January 2009 when Mr. Ramalinga Raju, the Chairman, confessed to an extensive accounting fraud that was ongoing for at least seven years. Since then, a large number of articles have...

The Sarbanes-Oxley law, officially named „Public Company Accounting Reform and Investor Protection Act” was adopted in 2002 in the United States in order to review the accounting practices and to rebuild community’s confidence in the Public Companies Financial Reports. What were the events...

Whistle-blowing by employees plays a major role in uncovering corporate fraud. Various recent laws aim at improving protection of whistle-blowers and enhancing their willingness to report. Evidence on the effectiveness of such legislation is, however, scarce. Moreover, critics have raised...

A number of studies and reports have associated corruption with the misuse of public office for private financial gain, but they have rarely examined the involvement of corporate executives in fraudulent and corrupt financial practices. This paper argues that the recent banking crisis in Nigeria...