Prevention of White-Collar Crime: The Role of Accounting

Abstract

White-collar crime is financial crime committed by upper class members of society for personal or organizational gain. White-collar criminals are individuals who tend to be wealthy, highly educated, and socially connected. They are typically employed by and in legitimate organizations. This paper presents results from a survey of chief financial officers in Norway on prevention of white-collar crime. Influencing through compliance of code of ethics, and auditing and controlling are the preventive measures suggested by respondents, where accounting is an important part of audit and control.