A Decade of Financial Fraud Research (2014-2024): A Systematic Review and Future Research Directions
Satu Dekad Kajian Penipuan Kewangan (2014-2024): Ulasan Sistematik dan Cadangan Arah Penyelidikan Masa Hadapan

Faculty of Business and Economics
Universiti Malaya
50603, Kuala Lumpur, MALAYSIA

416804574@qq.com

Faculty of Business and Economics
Universiti Malaya
50603, Kuala Lumpur, MALAYSIA

mazni@um.edu.my

Faculty of Business and Economics
Universiti Malaya
50603, Kuala Lumpur, MALAYSIA

kamisah.ismail@um.edu.my

Abstract

This study presents a systematic literature review on financial fraud. The aim is to map its theoretical foundations, regional dynamics, and detection strategies while addressing critical gaps in the field’s development and disciplinary diversity. A systematic literature review of 437 peer-reviewed articles published between 2014 and 2024 was conducted in accordance with PRISMA guidelines, drawing data from the Web of Science and Scopus databases. The analysis identifies prevailing theoretical frameworks, key determinants of fraud, and notable regional disparities. A significant increase in scholarly attention to financial fraud is observed after 2017, with China and Europe emerging as the most prolific regions. Although the Fraud Triangle and Fraud Diamond remain the dominant theoretical models, the adoption of alternative perspectives is limited. Detection approaches are categorised into proactive and reactive strategies, highlighting the need for more integrated and comprehensive prevention frameworks. Additionally, machine learning has emerged as a predominant tool for fraud detection. By synthesising empirical findings and theoretical developments, this review identifies asymmetries in the literature and calls for greater theoretical innovation through the application of underutilised models. The study offers actionable insights for advancing academic research and informing best practices for mitigating financial misconduct.

Keywords

financial fraud; fraud detection; fraud theories; PRISMA; systematic literature review
https://doi.org/10.17576/pengurusan-2026-76-3

Citation

Wang, J., Abdullah, M., & Ismail, K. (2026). A Decade of Financial Fraud Research (2014-2024): A Systematic Review and Future Research Directions. Jurnal Pengurusan, 76, 31–46. https://doi.org/10.17576/pengurusan-2026-76-3

@article{wanag2026a,
  title={A Decade of Financial Fraud Research (2014-2024): A Systematic Review and Future Research Directions},
  author={Wang, Jianing and Abdullah, Mazni and Ismail, Kamisah},
  journal={Jurnal Pengurusan},
 

volume={76},
  number={},
  pages={31—46},
  year={2026},
  doi={https://doi.org/10.17576/pengurusan-2026-76-3},
  publisher={Penerbit UKM},
}

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76 (2026) 31 – 46

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