Project Report On, “Accounting Fraud: A Systematic Summary of Literature Review”

Abstract

This project report is done by analyzing 35 famous public and private companies around the globe. To make it even more diversified, I have picked data from almost every continent on planet earth. By analyzing those data, I have found out, what types of fraud they are mainly doing. If we want to say more accurately then that would be what types of Accounting rules they are mainly breaking and how much it effects the country’s economy, it’s GDP and its peoples. After doing so I have found out that there is no constant pattern in fraudulent companies but I could conclude that the declining stage companies are more likely to occur fraud then other stages. The frauds that are done in local companies are more dynamic and out of pattern or unpredictable. Moreover, as a 3rd world country our industries have been found to engage doing money laundering and other criminal activities regardless of their circumstances. It doesn’t really matter on which stage they are on, whether they are in a danger of liquidity stage or not their fraudulent activities are totally based on their moral. As human beings we cannot read other people’s mind so it can’t be said that just because they are on matured stage, earning a lot of money with a massive market share won’t prevent them doing fraudulent activities. We need to focus on every individual company but the main focus will be on the mature and declining staged companies for local industries.