TY - JOUR
T1 - Fraud by Certified Public Accountants in Japan and the United States
AU - Konishi, Tokikazu
PY - 2010/5/28
Y1 - 2010/5/28
N2 - In recent years, Japanese and American societies have been beset by massive corporate scandals involving accounting firms and their certified public accountants (CPAs). These scandals included major accounting frauds by CPAs and have led to deep distrust of corporate accounting in both societies. This paper provides a detailed probe into three major financial scandals in Japan and United States: Enron, Kanebo, and Livedoor. Case histories are used to highlight both the characteristics of frauds perpetrated by CPAs as well as the social reactions to these economic crimes in Japan and the US. Finally, the paper outlines similarities and differences in CPA frauds perpetrated in both countries and considers how cultural variations play a major role in producing these outcomes.
AB - In recent years, Japanese and American societies have been beset by massive corporate scandals involving accounting firms and their certified public accountants (CPAs). These scandals included major accounting frauds by CPAs and have led to deep distrust of corporate accounting in both societies. This paper provides a detailed probe into three major financial scandals in Japan and United States: Enron, Kanebo, and Livedoor. Case histories are used to highlight both the characteristics of frauds perpetrated by CPAs as well as the social reactions to these economic crimes in Japan and the US. Finally, the paper outlines similarities and differences in CPA frauds perpetrated in both countries and considers how cultural variations play a major role in producing these outcomes.
KW - Accounting fraud
KW - Certified public accountant
KW - Japan
KW - Professional occupational crime
KW - United States
UR - http://www.scopus.com/inward/record.url?scp=77956884836&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77956884836&partnerID=8YFLogxK
U2 - 10.1007/s11417-010-9089-0
DO - 10.1007/s11417-010-9089-0
M3 - Article
AN - SCOPUS:77956884836
VL - 5
SP - 99
EP - 107
JO - Asian Journal of Criminology
JF - Asian Journal of Criminology
SN - 1871-0131
IS - 2
ER -