In this thesis, I will explain in detail the impact fraud can have on the accounting profession. I will first discuss the basics of financial statements, including what they accomplish and how they pertain to the purpose of auditing. Next, I will explain the Generally Accepted Accounting Principles and how they, too, tie into the auditing process. Since it will be necessary to provide a background on auditing, I will incorporate this as my third topic. The fourth main topic will be the Sarbanes-Oxley Act of 2002, where I will describe its implementation into the accounting field. This will lead to my discussion on the Public Company Accounting Oversight Board and the ways in which it works to prevent accounting fraud. My final argument will address the types of accounting fraud, which will guide me to provide examples of past accounting fraud cases that eventually shaped the auditing profession.
Accounting, Fraud, Standards, Financial Statements
Year of Completion
Snidemiller, Abby, "The Universal Effect of Fraud in the Accounting Field" (2018). Undergraduate Honors College Theses 2016-. 46.