Overview of key indicators for detecting falsification of financial statements of companies
Abstract
Currently, when choosing a proposed investment object, interested users analyze the activities of a particular company according to a number of indicators. At the same time, it should be noted right away that most of these indicators are presented in the accounting (financial) statements of companies, which, in turn, helps investors evaluate the effectiveness of investments and make key decisions about the acquisition or sale of assets. Therefore, reporting should be attractive to external users, hence the need for management to resort to so-called creative accounting. The cases of creative accounting or, most often, falsification of reports are most common in documents prepared for external users. Since falsifying data, for example, management accounting, is not effective in principle, top managers want to see the real state of affairs of the enterprise, as for banks, the public and investors, there is always a desire to demonstrate the results of work in the most profitable projection. In the article, the authors present an overview of key indicators that can currently be used by a wide range of stakeholders to assess the reliability of public financial information disclosed by companies.
About the Authors
R. Sh. Tukhvatullin
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
E. Yu. Vetoshkina
Kazan (Volga Region) Federal University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
M. A. Koroleva
Kazan (Volga Region) Federal University
Russian Federation
Master Student
Russian Federation
Master Student
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Review
For citations:
Tukhvatullin R.Sh., Vetoshkina E.Yu., Koroleva M.A. Overview of key indicators for detecting falsification of financial statements of companies. Kazan economic vestnik. 2024;(6):26-32. (In Russ.)
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