The study aimed to address the phenomenon of industrial fraud in order to reduce the cost of environmental and economic risks resulting from industrial fraud in a comparative study between Egypt and Saudi Arabia. The study aimed to develop a proposed accounting framework to control the environmental and economic risks resulting from industrial fraud. And clarifying the environmental and economic risks resulting from industrial fraud in both Egypt and Saudi Arabia. The study reviewed the role of environmental accounting in solving the problems resulting from the industrial process. A proposed accounting framework to control environmental and economic risks resulting from industrial fraud. The results of the study showed that there is a significant positive correlation between industrial fraud and environmental and economic risks in Egypt. The results also indicate that there is no significant relationship between industrial fraud and environmental and economic risks in Saudi Arabia. Among the recommendations of the study is the need to pay attention to the development of all environmental protection organizations and to provide scientific qualification and professional and accounting education on the importance of environmental accounting information in industrial activities. The study also recommended the need to provide and disseminate statistical data on the phenomenon of industrial cheating periodically at the local, regional and global levels, Environment.
The importance of the study is because the previous studies did not address the development of a proposed accounting framework to control the environmental and economic risks resulting from industrial fraud and the accounting framework proposed for the study is of importance to the government and the honorable manufacturers and the protection of economy and the environment and to preserve natural and human resources.