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Fraud in the governmental and private sectors

Sarah A. Holmes (Department of Accounting, Texas A&M University)
Jeffrey W. Strawser (Department of Accounting, Sam Houston State University)
Sandra T. Welch (Department of Accounting, University of Texas at San Antonio)

Journal of Public Budgeting, Accounting & Financial Management

ISSN: 1096-3367

Article publication date: 1 March 2000

Abstract

The objective of this paper is to identify and provide a description, assessment, and analysis of frauds occurring in governmental entities at the federal, state, and local levels and to compare these findings to data from the private sector. Analyses are conducted along the following dimensions: the victim of the fraud, its perpetrator(s), the fraud scheme, and the detection and investigation of the fraudulent activity. In addition, the conditions under which the frauds occurred in both the public and private sectors are described, discussed, and analyzed. Data were obtained from a mail survey distributed to the membership of the Association of Certified Fraud Examiners. A total of 2,471 responses containing details of actual fraud cases were received. Of these, 611 cases described frauds that had occurred in governmental units and 1,860 depicted frauds that had occurred in the private sector. The findings of this study clearly indicate that no entity is immune to victimization by criminal activities of a financial nature.

Citation

Holmes, S.A., Strawser, J.W. and Welch, S.T. (2000), "Fraud in the governmental and private sectors", Journal of Public Budgeting, Accounting & Financial Management, Vol. 12 No. 3, pp. 345-369. https://doi.org/10.1108/JPBAFM-12-03-2000-B001

Publisher

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Emerald Publishing Limited

Copyright © 2000 by PrAcademics Press