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Corporate Fraud as Misplaced Confidence? Exploring ambiguity in the accuracy of accounts and the materiality of money

Haines, Fiona

Description

The corporate fraud narrative suggests that misleading and inaccurate accounts engender misplaced confidence that robs creditors and investors alike. Yet, this view underplays nested ambiguities in business accounts first in the (im)possibility of accuracy in a set of accounts and second in the constituent figures themselves as embodying uncertain monetary value. This article analyses these phenomena and argues that confidence, nurtured by governments through their regulatory practices, is...[Show more]

dc.contributor.authorHaines, Fiona
dc.date.accessioned2015-12-07T22:27:13Z
dc.identifier.issn1362-4806
dc.identifier.urihttp://hdl.handle.net/1885/21796
dc.description.abstractThe corporate fraud narrative suggests that misleading and inaccurate accounts engender misplaced confidence that robs creditors and investors alike. Yet, this view underplays nested ambiguities in business accounts first in the (im)possibility of accuracy in a set of accounts and second in the constituent figures themselves as embodying uncertain monetary value. This article analyses these phenomena and argues that confidence, nurtured by governments through their regulatory practices, is essential to maintaining perceived integrity to both in spite of continuing ambiguity. This management of confidence is engendered through the interdependent yet contested relationships between government, business and professional elites. Corporate fraud is embedded within these relationships and hence difficult to dislodge without threatening the productiveness that business promises and government craves. Criminalization of corporate fraud deflects attention to one of these actors, the business and its directors, without clear recognition of the role played by government itself.
dc.publisherSage Publications Inc
dc.sourceTheoretical Criminology
dc.subjectKeywords: Ambiguity; confidence; corporate fraud; financial accounts; money; white collar crime
dc.titleCorporate Fraud as Misplaced Confidence? Exploring ambiguity in the accuracy of accounts and the materiality of money
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume18
dc.date.issued2014
local.identifier.absfor180110 - Criminal Law and Procedure
local.identifier.ariespublicationu5734898xPUB18
local.type.statusPublished Version
local.contributor.affiliationHaines, Fiona, College of Asia and the Pacific, ANU
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage20
local.bibliographicCitation.lastpage37
local.identifier.doi10.1177/1362480613502069
dc.date.updated2020-12-27T07:38:38Z
local.identifier.scopusID2-s2.0-84893526679
local.identifier.thomsonID000331298300003
CollectionsANU Research Publications

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