A LITERATURE REVIEW OF CORPORATE FRAUD CULTURE: REANALYZING THE ROLE OF CORPORATE GOVERNANCE
Keywords:Corporate fraud, awareness, monitoring, risk strategy
In the current scenario of the business world, organizations face the pervasive problem of corporate fraud. This leads to huge losses and deprivation results in reduced profitability, diminished shareholders returns, loss of growth in opportunities and in certain cases even these threaten the sustainability of the organizations. Though dedicated investigations units and courts, specific legislation enhanced awareness and monitoring organizations in developing countries, but still corporate fraud is abounded. Therefore, establishing the key drivers for corporate fraud will enable the organizations to better evaluate their risk strategy and also to understand how to reanalyse the role of corporate governance in regard to corporate fraud in developing countries.
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