The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 08 May 2026 11:32:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Analyzing Speech to Detect Financial Misreporting – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Analyzing Speech to Detect Financial Misreporting https://corpgov.law.harvard.edu/2012/01/13/analyzing-speech-to-detect-financial-misreporting/?utm_source=rss&utm_medium=rss&utm_campaign=analyzing-speech-to-detect-financial-misreporting https://corpgov.law.harvard.edu/2012/01/13/analyzing-speech-to-detect-financial-misreporting/#comments Fri, 13 Jan 2012 14:16:31 +0000 http://blogs.law.harvard.edu/corpgov/?p=24857?d=20150105141304EST Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Friday, January 13, 2012
Editor's Note:

The following post comes to us from Jessen Hobson of the Department of Accountancy at the University of Illinois at Urbana-Champaign and William Mayew and Mohan Venkatachalam, both of the Department of Accounting at Duke University.

In our paper, Analyzing Speech to Detect Financial Misreporting, forthcoming in the Journal of Accounting Research, we examine whether nonverbal vocal cues elicited from speech are useful in detecting intentional deception in financial reporting. Detecting deceptive financial reporting is an increasingly important concern for auditors, regulators, investors, and the various constituents that interact with corporations. High profile accounting scandals such as Enron, WorldCom, Tyco, and Satyam have cost market participants several billions of dollars and eroded confidence in published financial statements. These events call into question the ability to uncover financial misstatements by auditors who review and provide an opinion on the financial statements (PCAOB [2007], [2010]). Even sophisticated market participants such as institutional investors and analysts have been remarkably unsuccessful at detecting financial fraud (Dyck et al. [2010]).

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