Chief Risk Officers Lessening Financial Accounting Corruption

Financial Accounting; Risk Management; Fraud

By Angela Littlefield, published Nov 18, 2006
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Takeaways
  • Importance of reducing or eliminating fraudulent financial reporting.
  • this is a fairly new area in the internal control system of corporate governance, which needs to be
  • corporations and auditors that continuously seek to enhance their own well-being will find more and
Resources
  • References Alles, Michael G. & Datar, Srikant. (2004). How do you stop the books being cooked? A management control perspective on financial accounting standard setting and the section 404 requirements of the Sarbanes-Oxley Act. International Journal of Disclosure and Governance, 1(2), 119-137. Referenced: ABI/INFORM Global database. Banham, Russ. (2000). Top cops of risk: The rise of enterprise risk management has spawned a new corporate executive: Chief Risk Officer. Online. www.cxosystems.com. Referenced: scholar.google.com. Barth, James R., Trimbath, Susanne, & Yago, Glenn. (2003). Before the Enron collapse: What corporate CFOs around the world said about the status of accounting and disclosure practices. Review of Pacific Basin Financial Markets and Policies, 6(4), 433-440. Referenced in Business Source Premier database. Benston, George, Bromwich, Michael, Litan, Robert E., & Wagenhofer, Alfred. (2005). Following the money: The Enron failure and the state of corporate disclosure. Canadian Business Law Journal, 42(1), 130-135. Referenced in World Cat database. Bove, Emil Joseph III. (2003). American corporate control from the perspective of systems dynamics (Working Paper #2). Albany, New York: University at Albany, Center for Institutional Investment Management. Online. www.albany.edcu/ciim Coffee, John C. Jr. (2005). Theory of corporate scandals. Oxford Review of Economic Policy, 21(2), 198-211. Referenced in ABI/INFORM Global database. Flegm, Eugene H. (2005). On solving the problem, not being it. The CPA Journal, 75(2), 12-14. Referenced in ABI/INFORM Global database. Fushci, Billie. (2003). CROs: Now is the time. Risk Management, June 50(6), 54. Referenced in ABI/INFORM Global database. Hofmann, Mark A. (2004). Chief risk officer role still being defined. Business Insurance, 38(8), 20. Referenced in Wilson Select Plus database. Jennings, Marianne M. (2005). Ethics and investment management: True reform. Financial Analysts Journal, 61(3), 45-58. Referenced in ABI/INFORM Global database. Keinath, Annemarie K. & Walo, Judith C. (2004). Audit committee responsibilities: Focusing on oversight, open communication, and best practices. The CPA Journal, 74(11), 22-28. Referenced in Business Source Premier database. Kimbro, Marinilka Barros. (2002). A cross-country empirical investigation of corruption and its relationship to economic, cultural, and monitoring institutions: An examination of the role of accounting and financial statements quality. Journal of Accounting, Auditing & Finance, 17(4), 325-349. Referenced in Gale database. Lam, James C. & Kawamoto, Brian M. (1997). Emergence of the chief risk officer. Risk Management, 44(9), 30-35. Referenced in ABI/INFORM Global database. Lam, James. (2001). Demystifying ERM. Risk Management, 48(2), 2. Referenced in ABI/INFORM Global database. Lienbenberg, Andre P. & Hoyt, Robert E. (2003). The determinants of enterprise risk management: Evidence from the appointment of Chief Risk Officers. Risk Management and Insurance Review, 6(1), 37-52. Referenced in Business Source Premier database. Pomeranz, Felix. (2004). Ethics: toward globalization. Managerial Auditing Journal, 19(1), 8-14. Referenced in ABI/INFORM Global database. Rockness, Howard & Rockness, Joanne. (2005). Legislated ethics: From Enron to Sarbanes-Oxley, the impact on corporate America. Journal of Business Ethics, 57, 31-54. Referenced in ABI/INFORM Global database. Schwartz, Mark S., Dunfee, Thomas W., & Kline, Michael J. (2005). Tone at the top: An ethics code for directors? Journal of Business Ethics, 58, 79-100. Referenced in Business Source Premier/Springer database. Short, H., Keasey, K., Hull, A., & Wright, M. (1998). Corporate governance, accountability and enterprise. Scholarly Research and Theory Papers, 6(3), 151- 165. Referenced in Business Source Premier database.
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