CFEBT Method as a Tool of Fraud Risk Management and Decreasing Information Asymmetry in Accounting

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 Method as a Tool of Fraud Risk Management and Decreasing Information Asymmetry in Accounting

Popis výsledku v původním jazyce

The paper deals with the possibilities of using CFEBT approach to identify potential risks of manipulated financial statements beyond their true and fair view of accounting including accounting errormistakes and frauds. The existing research has verified the hypothesis of identifying the risk of manipulation of financial statements in the case study for 5 accounting periods with a CFEBT score in the condition of Czech accounting regulations and international standards of accounting recording (IFRS) in case studies of particular accounting units, as well as in the case studies where the techniques of creative accounting windows dressing off-balance sheet financing were used. The CFEBT results of the study cases were subsequently verified and compared with the results of Beneish and Jones Non-discretionary Accruals models in conditions of Czech aaccounting regulations and IFRS. The following paper further analysesanalyzes and assesses the CFEBT approach to techniques and tools to identify risks of manipulated financial statements or tools for decreasing information asymmetry among the users of financial statements, with the use of main methods of creative accounting and accounting frauds in CFEBT model, Beneish?s model, Jones? model of Non-discretionary Accruals in comparison with the results of Altman´s model of financial health of a business corporation. A CFEBT risk triangle of accounting errors and frauds was proposed on the basis of results revealed by case studies, tests of real data derived from financial statements of accounting units and tests of the approach of CFEBT, including a long-term theoretical and practical study of aspects of creative accounting.

Název v anglickém jazyce

CFEBT Method as a Tool of Fraud Risk Management and Decreasing Information Asymmetry in Accounting

Popis výsledku anglicky

The paper deals with the possibilities of using CFEBT approach to identify potential risks of manipulated financial statements beyond their true and fair view of accounting including accounting errormistakes and frauds. The existing research has verified the hypothesis of identifying the risk of manipulation of financial statements in the case study for 5 accounting periods with a CFEBT score in the condition of Czech accounting regulations and international standards of accounting recording (IFRS) in case studies of particular accounting units, as well as in the case studies where the techniques of creative accounting windows dressing off-balance sheet financing were used. The CFEBT results of the study cases were subsequently verified and compared with the results of Beneish and Jones Non-discretionary Accruals models in conditions of Czech aaccounting regulations and IFRS. The following paper further analysesanalyzes and assesses the CFEBT approach to techniques and tools to identify risks of manipulated financial statements or tools for decreasing information asymmetry among the users of financial statements, with the use of main methods of creative accounting and accounting frauds in CFEBT model, Beneish?s model, Jones? model of Non-discretionary Accruals in comparison with the results of Altman´s model of financial health of a business corporation. A CFEBT risk triangle of accounting errors and frauds was proposed on the basis of results revealed by case studies, tests of real data derived from financial statements of accounting units and tests of the approach of CFEBT, including a long-term theoretical and practical study of aspects of creative accounting.

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

Proceedings 16th Finance, Risk and Accounting Perspectives and 2nd Sustainable Finance and Impact Investing

ISBN

978-3-9503518-4-2

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

16

Strana od-do

1-16

Název nakladatele

ACRN Oxford Centre for interdisciplinary research

Místo vydání

Oxford

Místo konání akce

Cambridge

Datum konání akce

25. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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