What's wrong with the treadway commission report? Experimental analyses of the effects of personal values and codes of conduct on fraudulent financial reporting
Arthur P. Brief, Janet M. Dukerich, Paul R. Brown, Joan F. Brett
Journal of Business Ethics · 1996 · Volume 15 · Issue 2
Abstract
In three studies, factors influencing the incidence of fraudulent financial reporting were assessed. We examined (1) the effects of personal values and (2) codes of corporate conduct, on whether managers misrepresented financial reports. In these studies, executives and controllers were asked to respond to hypothetical situations involving fraudulent financial reporting procedures. The occurrence of fraudulent reporting was found to be high; however, neither personal values, codes of conduct, nor the interaction of the two factors played a significant role in fraudulent financial reporting.
Keywords
Economic Growth, Significant Role, Experimental Analysis, Financial Reporting, Hypothetical Situation
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