Detecting the Elements for Cosmeticizing the Financial Statements Using Analytical Models

Detecting the Elements for Cosmeticizing the Financial Statements Using Analytical Models

Number 5, May 2021  »  Financial accounting and reporting

Valentin Burcă, PhD
RA Oana Bogdan, PhD
West University of Timișoara

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.
Classification JEL: M41, M49, G32, H12 | Pages: 3-14

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