Fraudulent Financial Statements of Enterprises: Research in Vietnam

Fraud on financial statements is one of the issues that has received special attention and is topical after a series of events where leading companies in the world went bankrupt in the early 21st century such as: Enron., Worldcom, Lehman Brothers, Xerox... This study addresses the concept of financial statement fraud; Factors affecting financial reporting fraud through Cressey's (1973) [2] research on the fraud triangle, a typical form of financial reporting fraud in the world. At the same time, the article documents a number of cases of financial statement fraud reported by the Association of Statistical Fraud Investigators. Based on the research results, the author clearly points out the causes leading to fraudulent financial statements of businesses, thereby providing synchronous solutions to overcome this situation.