TABLE 5
Consequences of Fraudulent Acts: Remediation
Perpetrators and Punishment, and Victims
Albanese 2005
Dhami 2007
Dorminey et al. 2012
Grasmick and Kobayashi 2002
Messner and Rosenfeld 2001
Payne and Gainey 2004
Trompeter et al. 2013
Avenues for Future Research
To date there has been limited research on the consequences of fraudulent acts and the nature of
remedial actions taken by individuals and organizations that have been penalized for fraud.
Research in this area could enhance our understanding of the impact of penalties (e.g.,
incarceration) on fraudsters and could also help in developing more effective penalties and remedial
actions that could deter corporations and individuals from committing fraud in the future. The role
of recidivism (repeat offenses by the perpetrator) with regard to fraud and financial crimes is also
unexplored.
We believe the area of punishment provides opportunity for further study, and the results might
impact resource allocation for anti-fraud programs.
Future research could examine if a penalty structure could help curb individuals and corporations
from committing or repeating accounting fraud.
An examination of victims associated with financial reporting fraud might provide some interesting
insights and assist with developing anti-fraud strategies.
Ta