The Comparisons of Country Terrorism and Corporate Fraud-Terrorism

Abstract

In relatively recent times, the United States has experienced major terrorist activities and large­ scale corporate financial reporting fraud. Th.is paper analyzes comparisons of country terrorism and corporate fraud-terrorism by discussing various parallels and differences. In addition to discussing the comparisons between terrorism and financial reporting fraud, th.is research also discusses the significance of   the fraud problem and some possible ways to deal with it. This discussion demonstrates and supports the importance of high ethical standards in accounting and shows how important accounting, financial reporting, auditing, and strong corporate governance are to our society.