Fighting The Enemy Of Fair View Principle – Getting To Know Creative Accounting

Rucsandra Livia Moldovan (), Sorin Adrian Achim () and Cristina Bota-Avram ()
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Rucsandra Livia Moldovan: Babes-Bolyai University, Faculty of Economics and Business Administration Cluj-Napoca, Romania
Sorin Adrian Achim: Babes-Bolyai University, Faculty of Economics and Business Administration Cluj-Napoca, Romania
Cristina Bota-Avram: Babes-Bolyai University, Faculty of Economics and Business Administration Cluj-Napoca, Romania

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2010, vol. 2010SE, 51-62

Abstract: In this paper, we aim to discuss the role of creative accounting as a technique of accounts manipulation in contrast with the fundamental principle of accounting – fair view presentation, and the ethics of the accounting profession. In order to do so, we review the opinions of various authors on the subject while contrasting both fraud and professional ethics with creative accounting, and explaining the inverse causal relationship that arises between creative accounting and fair view principle. Fur-ther on, we determine what the role of auditors and corporate governance is in winning the fight over this kind of accounting practices. The study of previous literature is meant to be the basis for some possible comprehensive solutions we put forward that, from the point of view of accounts manipula-tion, would help achieve the transparency and trustworthiness that financial reporting deserves. When we propose these solutions, our main focus is on Romania. However, by extension, they could be ap-plied anywhere else.

Keywords: creative accounting; accounts manipulation; true and fair view; professional ethics (search for similar items in EconPapers)
JEL-codes: F32 M41 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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