This chapter provides a comparative analysis of financial fraud litigation and enforcement frameworks in China and the United States, highlighting their distinctive characteristics. While both systems have evolved through concurrent development of private and public enforcement mechanisms, they exhibit notable differences in their approaches to financial fraud detection and prosecution. Additionally, this chapter elucidates the fundamental principle of forensic accounting to synthesize accounting with legal procedures, which provides a robust foundation for fraud investigation and prosecution.

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Financial Fraud Litigation and Forensic Accounting

  • Xiyuan Ma,
  • Desheng Wu

摘要

This chapter provides a comparative analysis of financial fraud litigation and enforcement frameworks in China and the United States, highlighting their distinctive characteristics. While both systems have evolved through concurrent development of private and public enforcement mechanisms, they exhibit notable differences in their approaches to financial fraud detection and prosecution. Additionally, this chapter elucidates the fundamental principle of forensic accounting to synthesize accounting with legal procedures, which provides a robust foundation for fraud investigation and prosecution.