Influence Analysis of Financial Audit Ethics in the Merger and Acquisition Process Toward White Collar Crime

DOI

10.2991/aebmr.k.200309.006How to use a DOI?

Keywords

financial audit ethics, auditor, white collar crime

Abstract

White-collar crime, along with the use of information technology, has grown rapidly in committing crimes, including cyber-crime and non-compliance with laws and regulations especially regarding the making of financial statements that are not in accordance with the prevailing laws and regulations. The situation inevitably may harm investors, creditors and other stakeholders and often happens in the merger and acquisition process of the company. This study uses descriptive qualitative method to elaborate and explain the phenomena. Research findings of The International Ethics Standards Board for Accountants (IESBA) issued on July 14, 2016 has been adopted by more than 100 countries to become a benchmark for conducting corporate financial audits to minimize non-compliance with laws and regulations. Then, The Foreign Corrupt Practices Act (FCPA) has succeeded in reducing the criminal acts of corruption committed by the public, private sector, companies and individuals living in America and corruption, including bribery to foreign government officials. Similarly, the Public Company Accounting Oversight Board (PCAOB, 2015) has been able to go hand in hand with IESBA in combating criminal acts in presenting financial statements that violate both immaterial and material laws and regulations affecting the financial statements. Conclusion of the study is financial audit ethics in the merger and acquisition process must be applied and become part of government regulations in combating white collar crime so that there are no losses and large impacts for companies, investors, creditors that in turn will affect one country’s economy.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ekawahyu Kasih
AU  - Ruslaini Ruslaini
PY  - 2020
DA  - 2020/03/12
TI  - Influence Analysis of Financial Audit Ethics in the Merger and Acquisition Process Toward White Collar Crime
BT  - Proceedings of the Annual International Conference on Accounting Research (AICAR 2019)
PB  - Atlantis Press
SP  - 23
EP  - 27
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200309.006
DO  - 10.2991/aebmr.k.200309.006
ID  - Kasih2020
ER  -