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Detecting the Elements for Cosmeticizing the Financial Statements Using Analytical Models

Author

Listed:
  • Valentin BURCĂ

    (West University of Timișoara)

  • Oana BOGDAN

    (West University of Timișoara)

Abstract

Throughout the last three decades, the published literature has been drawing attention towards the ongoing deterioration of the quality of the summary financial statements published by the economic entities. Nevertheless, the financial statements provide conclusive information regarding the companies’ fraud potential. In this article, we aim to illustrate the utility of analytical models for fraud risk assessment by leveraging the information presented in the financial statements. These analytical procedures are even more useful in the current environment of the COVID-19 pandemic.

Suggested Citation

  • Valentin BURCĂ & Oana BOGDAN, 2021. "Detecting the Elements for Cosmeticizing the Financial Statements Using Analytical Models," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(5), pages 3-14, May.
    • Handle: RePEc:ahd:journl:v:2:y:2021:i:5:p:3-14
    DOI: 10.37945/cbr.2021.05.01
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    More about this item

    Keywords

    financial reporting; fraud; financial ratios; Beneish M-Score;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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