CONCEPT AND PERIODISATION OF FRAUD MODELS: THEORETICAL REVIEW

摘要

The issue of fraud is topical in every country and for every type of organization, regardless of the continent or the part of the world. Getting involved into a fraud scandal, the future reputation becomes doubtful from the potential investors' and customers' point of view. Many authors have discussed the nature of fraud and have conducted research on the topic. The fraud triangle is the most popular model of explaining the nature of fraud. Regardless of the clearness of the elements of the fraud triangle, researchers have defined its components differently. In the typology of fraud, the components included are also different and the paper presents several examples. Different authors have created new types of the fraud models. For periodization the authors composed the timeline from 1950 to 2016. The chronology and concept of 15 fraud models from 1984 to 2016 are given. An extensive review of the concept of fraud and financial statement fraud is completed in the paper. Comparing to previous studies, the paper suggests a more complete review of the models describing the nature of fraud. One possible implication of this study is a justified need to research the topic in the future.