CFEBT Risk Triangle of Accounting Errors and Frauds – Analytical Tool of Fraud Risk Management and Reduction of Information Asymmetry between Creators and Users of Accounting Reports

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

CFEBT Risk Triangle of Accounting Errors and Frauds – Analytical Tool of Fraud Risk Management and Reduction of Information Asymmetry between Creators and Users of Accounting Reports

Popis výsledku v původním jazyce

The objective of the present contribution is to evaluate the risk of accounting errors and frauds in small companies predominantly operating in trade based on analysis of the CFEBT risk triangle for financial statements reported for the years 2011–2017. The CFEBT risk triangle is applied in form of a case study aimed at risk detection of occurrence of accounting errors and frauds for a selected sample of companies. A detailed analysis of a risk of impact of accounting errors and frauds is illustrated in the case study of an accounting unit chosen from the sample of companies evaluated. The CFEBT risk triangle was designed as an analytical tool for detection and management of accounting errors and frauds in the context of Czech accounting standards and International Financial Reporting Standards (IFRS) and as a tool for reduction of information asymmetry between creators and users of accounting reports. The risk triangle of accounting errors and frauds may be used for various groups of users of financial statements to enable these users to make decisions at individual levels of access to accounting information. Future research into the CFEBT risk triangle focuses on performance of complex analyses for individual types of business activities of small and middle-sized companies in the context of Czech accounting standards and IFRS.

Název v anglickém jazyce

CFEBT Risk Triangle of Accounting Errors and Frauds – Analytical Tool of Fraud Risk Management and Reduction of Information Asymmetry between Creators and Users of Accounting Reports

Popis výsledku anglicky

The objective of the present contribution is to evaluate the risk of accounting errors and frauds in small companies predominantly operating in trade based on analysis of the CFEBT risk triangle for financial statements reported for the years 2011–2017. The CFEBT risk triangle is applied in form of a case study aimed at risk detection of occurrence of accounting errors and frauds for a selected sample of companies. A detailed analysis of a risk of impact of accounting errors and frauds is illustrated in the case study of an accounting unit chosen from the sample of companies evaluated. The CFEBT risk triangle was designed as an analytical tool for detection and management of accounting errors and frauds in the context of Czech accounting standards and International Financial Reporting Standards (IFRS) and as a tool for reduction of information asymmetry between creators and users of accounting reports. The risk triangle of accounting errors and frauds may be used for various groups of users of financial statements to enable these users to make decisions at individual levels of access to accounting information. Future research into the CFEBT risk triangle focuses on performance of complex analyses for individual types of business activities of small and middle-sized companies in the context of Czech accounting standards and IFRS.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Global Rules and Local Use

ISBN

978-80-906585-3-0

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

14

Strana od-do

286-299

Název nakladatele

Anglo-American University, Prague – Czech Republic

Místo vydání

Praha

Místo konání akce

Praha

Datum konání akce

20. 10. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000431393100022