A research on the structural characteristics of accounting fraud in family businesses and the costs

The primary purpose of this study; to determine the structural features of the accounting frauds encountered in all types of companies, specific to Family Businesses, discover the differences in accounting fraud in Family Businesses, structure how these frauds can be detected and develop recommendations for avoiding them. Since a study on accounting frauds has not been done before, an exploratory study was carried out on a sample application. In this context, a Family Business that had been detected accounting fraud was considered a case study, and interviews were held with the relevant managers and employees in this company. Considering that most businesses are family businesses, this study will shed light and help compare the cost of preventing fraud and the cost incurred as a result of it. Additionally, this study will be investigated at what level the controls that reduce the risk of fraud are applied in the family business. The costs of the studies to be done to eliminate the risk will be investigated in detail.