Fraud Examination, Consequences, and Remediation
Non-accounting researchers have studied the consequences of fraudulent acts far more
extensively than accountants. However, effective investigation, remediation, and other consequences offer abundant opportunities for future research and insights for practice. For example,
future research could examine if different penalty structures can reduce the incidence of fraud by
individuals and corporations. Further, an investigation of victims associated with financial reporting
fraud might also provide some interesting results that would benefit research and practice. For
example, employees could be possible victims if their company goes bankrupt. It may be useful to
gain an understanding of why those who are in a position to blow the whistle may go along with the
fraud.