Journal of Accounting and Management Information Systems (JAMIS)

The prevalence of fraud: what should we, as academics, be doing to address the problem?

Vol. 9, Nr. 1/2010 ,   p4..21

Alan T. LORD

Keywords:   Fraud; occupational fraud; teaching fraud; fraud knowledge resource materials


It seems like there is a news article about fraud in a business organization reported almost daily in most of the world's business newspapers and magazines.  This paper, which is based upon a keynote presentation made at the AMIS 2009 Conference hosted by the Bucharest Academy of Economic Studies in June 2009, presents a generic definition of fraud and discusses several various types of fraud with an emphasis on occupational fraud.  Statistics from the "2008 Report to the Nation on Occupational Fraud & Abuse" published by the Association of Certified Fraud Examiners (ACFE) are presented to assist academics to better understand various fraud controls and their effectiveness in the prevention and detection of fraud.  Suggestions are provided to encourage accounting academics to increase the quantity and quality of discussions in classrooms to enable students to better understand fraud issues.  The paper concludes by providing several resources that are available to assist accounting academics in the preparation of additional lecture material about fraud.