Financial fraud from missing data may be more common than we think

New research suggests that how auditors see errors caused by missing financial information may be hiding the most preferred type of financial fraud In Brief: Accounting practice generally operates with the idea that most fraud is committed through direct misrepresentation of financial data. Thus, omitted financial information is less likely to trigger additional investigation when…

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Mental money laundering: how tainted money becomes clean again

New research explains how people use novel mental accounting techniques to live with ill-gotten gains In Brief: Money should be a fungible good, i.e., money gained from different sources should be indistinguishable to the gainer, says classical economic theory. However, new research suggests that money gained unethically is treated negatively in the minds of the gainers.…

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Blockchain for business: the story so far

New research looks at the first generation of enterprise blockchain initiatives and finds success and lessons on which second-generation projects can build In Brief: Important new research has taken a comprehensive view of the state of enterprise blockchain applications to assess their impact on operational problems and legacy technology platforms. The conclusions from the published work…

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