Article: The moderate role of national culture and prosperity index on the effectiveness of the fraud triangle to prevent financial statement fraud: a cross-country meta-analysis approach Journal: International Journal of Accounting, Auditing and Performance Evaluation (IJAAPE) 2024 Vol.20 No.3/4 pp.251 - 290 Abstract: This research paper aims to achieve three objectives, identify effective fraud triangle risk factors for detecting financial statement fraud (FSF), assess the role of country characteristics in detecting FSF risk factors, and evaluate variations in fraud scores between countries with comparable cultural and prosperity levels. Using a meta-analysis approach following PRISMA guidelines, the study uncovers effective proxies for fraud triangle risk factors and highlights the significant role of a nation's characteristics in determining FSF risks. The findings contribute to the behavioural forensics literature by providing a comprehensive assessment of reputable studies, offering insights into the moderate effect of countries' specific features on FSF occurrence, and clustering countries with similar attributes to analyse differences in fraud scores. This research advances our understanding of FSF detection and prevention and can be used to develop tailored financial fraud prediction models and strategies on a global scale. Inderscience Publishers - linking academia, business and industry through research

Title: The moderate role of national culture and prosperity index on the effectiveness of the fraud triangle to prevent financial statement fraud: a cross-country meta-analysis approach

Authors: Milad Soltani; Alexios Kythreotis; Arash Roshanpoor

Addresses: Department of Accounting, Economics, and Finance, School of Business Administration, European University Cyprus, 6 Diogenis Str., 2404 Engomi, Nicosia, Cyprus ' Department of Accounting, Economics, and Finance, School of Business Administration, European University Cyprus, 6 Diogenis Str., 2404 Engomi, Nicosia, Cyprus ' Department of Computer, Yadegar-e-Imam Khomeini (RAH), Janat-Abad Branch, Islamic Azad University, Tehran, 1477999651, Iran

Abstract: This research paper aims to achieve three objectives, identify effective fraud triangle risk factors for detecting financial statement fraud (FSF), assess the role of country characteristics in detecting FSF risk factors, and evaluate variations in fraud scores between countries with comparable cultural and prosperity levels. Using a meta-analysis approach following PRISMA guidelines, the study uncovers effective proxies for fraud triangle risk factors and highlights the significant role of a nation's characteristics in determining FSF risks. The findings contribute to the behavioural forensics literature by providing a comprehensive assessment of reputable studies, offering insights into the moderate effect of countries' specific features on FSF occurrence, and clustering countries with similar attributes to analyse differences in fraud scores. This research advances our understanding of FSF detection and prevention and can be used to develop tailored financial fraud prediction models and strategies on a global scale.

Keywords: fraud triangle; SAS No. 99; meta-analysis; Hofstede's cultural dimension; prosperity index.

DOI: 10.1504/IJAAPE.2024.138486

International Journal of Accounting, Auditing and Performance Evaluation, 2024 Vol.20 No.3/4, pp.251 - 290

Received: 29 Mar 2023
Accepted: 22 Dec 2023
Published online: 07 May 2024 *

Title: The moderate role of national culture and prosperity index on the effectiveness of the fraud triangle to prevent financial statement fraud: a cross-country meta-analysis approach

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