(주)모뉴엘의 회계부정 사례연구: 회계부정 5요소(CRIME)와 Fraud triangle이론을 중심으로 = A Case Study on the Collapse of Moneual using CRIME Framework and Fraud Triangle Theory

다국어 초록 (Multilingual Abstract)

This study investigates the case of the most recent accounting scandal (or loan fraud), 2014 Moneual crisis. Moneual was known as one of the most innovative venture firms, famous for HTPC and robot vacuum cleaners with bright prospects. The firm had been seeing super-rapid growth over the past 7 years until Moneual declared itself incapable of paying the matured export bonds and the firm subsequently became widely known to engage in illegal lobbying, misstatement of accounting numbers, and loan fraud, leading to the collapse in 2014. Unlike other accounting frauds, the major victims of the scandal are gigantic institutional investors including the state-run export-import bank of Korea and banks in the 1st financial sectors, therefore this study has a very significant implication. This case study has a number of distinctive features since the study is the very first to analyze 2014 Moneual crisis and uses the CRIME framework and the Fraud triangle theory to thoroughly explain the causes and the end results of the crisis. This study also adopts the organizational cycle model to explain the abnormal phases of Moneual``s business life and provides sufficient financial statements analysis to ascertain whether the banks could have detected symptom of a fraud. This study also discusses several ways of preventing latent similar incidents like Moneual therefore expects to provide valuable insights into accounting fraud in medium-sized businesses for regulators and potential investors.

참고문헌 (Reference)

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