Detecting the Elements for Cosmeticizing the Financial Statements Using Analytical Models

Valentin Burcă and Oana Bogdan
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Valentin Burcă: West University of Timișoara
Oana Bogdan: West University of Timișoara

CECCAR Business Review, 2021, vol. 2, issue 5, 3-14

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.

Keywords: financial reporting; fraud; financial ratios; Beneish M-Score (search for similar items in EconPapers)
JEL-codes: G32 H12 M41 M49 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:2:y:2021:i:5:p:3-14

DOI: 10.37945/cbr.2021.05.01

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