Financial statements are important indicators in monitoring financial status, activity structure and cash flow. In particular, it is of great importance for stakeholders that the information in the financial statements reflects the real situation. While errors in financial statements reflect negligence, operational risks, calculation deficiencies and situations originating from the information system, financial frauds refer to intentional or conscious actions. Errors and frauds made in financial statements damage the trust in financial data in society and can lead to negativities such as delaying investment decisions and inefficient use of country resources. For this reason, the reflection and detection of errors and frauds in financial statements always come to the fore as an important issue. In this context, the study will contribute to the literature in determining the types of errors and frauds in financial reports, determining the factors that cause tendency towards errors and frauds, and revealing the effective methods in minimizing error and fraud situations.