（2009）Fraudulent financial reporting,corporate governance and ethics：1987-2007.pdfVIP

The current issue and full text archive of this journal is available at /1475-7702.htm Fraudulent financial reporting, Fraudulent financial corporate governance and ethics: reporting 1987-2007 Lawrence P. Kalbers 187 Department of Accounting, College of Business Administration, Loyola Marymount University, Los Angeles, California, USA Abstract Purpose – The purpose of this paper is to review, critique, and integrate certain trends, events, and research streams involving earnings management, fraudulent financial reporting, corporate governance and ethics. Design/methodology/approach – The paper provides a brief history of relevant events and trends in financial reporting for the period 1987-2007. Within this historical context, financial reporting and earnings quality are discussed from the academic and practitioner points of view. The influence of corporate governance and the role of ethics and behavior are introduced as part of an integrated discussion of academic and practitioner viewpoints of earnings management and fraudulent financial reporting. The last section of the paper provides final observations and recommendations for future research. Findings – The paper concludes that academic research in earnings management and fraudulent financial reporting has become increasingly narrow in addressing important issues and problems in practice. Research limitati