The struggle against creative accounting: Is "true and fair view" part of the problem or part of the solution?
Oriol Amat (),
John Blake and
Ester Oliveras ()
Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
Creative accounting is a growing issue of interest in Spain. In this article we argue that the concept true and fair view can limit or promote the use of creative accounting depending upon its interpretation. We review the range of meanings that true and fair view can take at an international level and compare the experience of the United Kingdom with the Australian one by analysing the use of true and fair view to limit creative accounting. Finally, we suggest lines of action to be considered by the Spanish accounting standards-setting institutions.
Keywords: Creative accounting; imagen fiel; true and fair view; accounting regulation (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:363
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