Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies
The manipulation of the information presented through financial statements could represent a significant red flag for suspected fraud. In our paper, we investigated the extent to which the Romanian companies resort to manipulation of information data presented through the reported annual financial s...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2020-09-01
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| Series: | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sues-2020-0019 |
| _version_ | 1828424600089788416 |
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| author | Safta Ioana-Lavinia Achim Monica Violeta Borlea Sorin Nicolae |
| author_facet | Safta Ioana-Lavinia Achim Monica Violeta Borlea Sorin Nicolae |
| author_sort | Safta Ioana-Lavinia |
| collection | DOAJ |
| description | The manipulation of the information presented through financial statements could represent a significant red flag for suspected fraud. In our paper, we investigated the extent to which the Romanian companies resort to manipulation of information data presented through the reported annual financial statements. For this purpose, we used a group consisting of 62 non-financial companies listed on the Bucharest Stock Exchange for the analyzed period 2017-2018. The results of our study show that a majority percentage of the Romanian companies (approx. 84%) resort to manipulation of information provided through financial statements. Following the analysis carried out by activity fields, the results show that the companies activating in the fields of tourism, constructions, trade and transport resort to the manipulation of financial statements in the percent of 100%, followed by the companies activating in the field of production (86%) and services (50%). Our results are extremely useful to the users of financial information who must acknowledge the risks that they are exposed to in their decision-making process. |
| first_indexed | 2024-12-10T16:20:16Z |
| format | Article |
| id | doaj.art-77bd8dac50994055bed5bc5d4d3124d3 |
| institution | Directory Open Access Journal |
| issn | 1584-2339 2285-3065 |
| language | English |
| last_indexed | 2024-12-10T16:20:16Z |
| publishDate | 2020-09-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice |
| spelling | doaj.art-77bd8dac50994055bed5bc5d4d3124d32022-12-22T01:41:51ZengSciendoStudia Universitatis Vasile Goldis Arad, Seria Stiinte Economice1584-23392285-30652020-09-013039010710.2478/sues-2020-0019sues-2020-0019Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian CompaniesSafta Ioana-Lavinia0Achim Monica Violeta1Borlea Sorin Nicolae2Babeş-Bolyai University,Cluj-Napoca, RomaniaBabeş-Bolyai University,Cluj-Napoca, RomaniaVasile Goldis Western University of Arad, Romania University of Oradea, RomaniaThe manipulation of the information presented through financial statements could represent a significant red flag for suspected fraud. In our paper, we investigated the extent to which the Romanian companies resort to manipulation of information data presented through the reported annual financial statements. For this purpose, we used a group consisting of 62 non-financial companies listed on the Bucharest Stock Exchange for the analyzed period 2017-2018. The results of our study show that a majority percentage of the Romanian companies (approx. 84%) resort to manipulation of information provided through financial statements. Following the analysis carried out by activity fields, the results show that the companies activating in the fields of tourism, constructions, trade and transport resort to the manipulation of financial statements in the percent of 100%, followed by the companies activating in the field of production (86%) and services (50%). Our results are extremely useful to the users of financial information who must acknowledge the risks that they are exposed to in their decision-making process.https://doi.org/10.2478/sues-2020-0019creative accountingmanipulationnon-manipulationfinancial statementsusers of accounting informationm41m42m21 |
| spellingShingle | Safta Ioana-Lavinia Achim Monica Violeta Borlea Sorin Nicolae Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice creative accounting manipulation non-manipulation financial statements users of accounting information m41 m42 m21 |
| title | Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies |
| title_full | Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies |
| title_fullStr | Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies |
| title_full_unstemmed | Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies |
| title_short | Manipulation of Financial Statements Through the Use of Creative Accounting. Case of Romanian Companies |
| title_sort | manipulation of financial statements through the use of creative accounting case of romanian companies |
| topic | creative accounting manipulation non-manipulation financial statements users of accounting information m41 m42 m21 |
| url | https://doi.org/10.2478/sues-2020-0019 |
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