Systematization of falsification risk factors in financial statements: accounting aspect
Journal Title: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу: міжнародний збірник наукових праць - Year 2016, Vol 35, Issue 2
Abstract
The presence of false information in the financial statements significantly undermines the confidence of investors and creditors of a company. This necessitates finding and identifying risk factors for falsifying financial statements. Risk factors for financial statements falsification are various and there are different approaches to their classification. It is found out that there is the problem on the clear separation of the concept "creative accounting" (which allows to present a company in the best light for investors and creditors within the law) and the concept "falsification of financial statements indicators", which undermines confidence and causes million expenditures of investors and creditors. The article determines the main reasons and factors that lead to the falsification of enterprise’s financial statements. The study suggests the approaches to the classification of risk factors for falsifying financial statements, including those, which have a direct or indirect impact on the reporting. The classification of risk factors for falsifying financial statements is necessary to systematize falsification risks of financial statements in order to minimize them and avoid them during the process of formation of financial reporting indicators.
Authors and Affiliations
N. О. Mizyakina
Keywords
Related Articles
- EP ID EP280732
- DOI -
- Views 133
- Downloads 0
Method of accounting and approaches to tax optimization of income tax of entities
The article focuses on the organization and methodology of income tax accounting. It describes the documented operations related to the calculation and payment of income tax and it suggests the standard form of the origi...
State and legal regulation of refugees’ and asylum seekers’ migration in EU as institutional basis of management of international migrations
According to the analysis of World Bank data on the dynamics of migration indicators in Europe and Fragile State Index data the authors determine the groups of EU countries in geo-economic risk, which forms the pushing f...
Principles of accounting in the information space of foreign economic activity management
The article presents scientific results confirming the influence of the external environment on the need for revision of accounting principles in accordance with the characteristics of economic activity. A model of the r...
Management accounting and analysis of business processes in the enterprise
The article considers the main problems of managerial accounting and analysis of business processes in the field of manufacturing sector (industry, construction, agriculture). From the authors’ point of view, managerial...
Software for conducting accounting: problems of choice and use in the course of outsourcing
The implementation of sanctions to a producer, a number of franchisers, dealers and distributers of the most popular programme product called «1С: Accounting» caused the problem of software choice for conducting accounti...