ABSTRACT

Reviewed literature indicates that there is a growing gap between public government and private governance when it comes to prevention and detection of misconduct and crime in organizations. This chapter suggests that investigative journalists in the media and fraud examiners in private investigations have the potential of filling some of this gap. Based on the theory of crime signal detection, this chapter suggests that investigative journalists are in the position of detecting white-collar crime scandals as they rely on tips and whistleblowing. Empirical evidence from Norway documents that the media disclose a significant fraction of crime stories that later result in prosecution and conviction of white-collar offenders. Empirical evidence from Norway does not document any significant contribution from fraud examiners, as they typically conclude with misconduct, but no crime.