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Showing 2 results for Fraudulent Financial Reporting
Iman Khaksari, Mohamdreza Shoorvarzi, Alireza Mehr Azin, Abolghasem Masih Abadi,
Volume 10, Issue 36 (12-2021)
Abstract
People face moral dilemmas in their lives. Managers, accountants, and auditors also face a variety of situations in their careers, situations that tempt them to engage in unethical behavior. One of these unethical behaviors is fraud and earnings manipulation, which leads to ethical failure in companies. Given the potential for financial statement fraud and its detrimental effects on the economy, preventing and detecting financial fraud is important to prevent its disastrous consequences. Therefore, the introduction of an early detection tool is essential to alert executive bodies to further investigation or legal action. Developing a model through which to predict earnings manipulation and detect the unethical behavior of managers, allows for a better evaluation of the company's performance. The purpose of this study is to investigate the ability of Beneish and Spathis models to detect fraudulent financial reporting. Then the coefficients of these two models were adjusted using logistic regression and the ability of these two new adjusted models to detect fraudulent financial reporting was investigated. In this regard, the data of 99 manufacturing companies listed on the Tehran Stock Exchange (1089 observations) during the years 2008 – 2018 were reviewed. The results show that the initial model of Beneish and Spathis does not have good power in detecting fraudulent financial reporting, but the adjusted model of Beneish and the adjusted model of Spathis are able to detect fraudulent financial reporting with 83% and 82% accuracy, respectively.
Samaneh Saeed Abadi, Ali Mohammadi, Ali Bayat, Mehdi Mohammadi,
Volume 10, Issue 37 (3-2022)
Abstract
Fraud in financial reporting and accounting has grown significantly in recent years due to the financial crises created in companies, so that fraud has become a political and economic issue and today the legislature, the accounting profession and the causes The creation of fraud in it as well as the ways to deal with fraudulent behavior in financial statements have received special attention. Therefore, in the present study, the optimal audit model has been presented in order to reduce fraudulent financial reporting. Fraudulent financial reporting is the intentional misrepresentation or omission of amounts or disclosures from financial statements to the detriment of users of financial statements, including financial numbers. This research is a data foundation research. This research is also of qualitative and phenomenological research and the statistical population is accounting experts, which includes accountants who are members of the Society of Certified Public Accountants, to determine the dimensions, components and indicators of reducing fraudulent financial reporting in the year. 1399 will be polled. This study, after collecting, extracting and classifying the necessary information and data, has solved the model and analyzed the information using the fuzzy Delphi method. Based on the results of this research, the final model of reducing fraudulent financial reporting is based on components. Auditor's technical ability, industry characteristics, existence of audit committee in the organization, continuous audit system, delay in submitting audit report, proper disclosure of information, accounting information systems, auditor's reputation, auditor's independence, auditor's fee, financial reporting standards Internationally, the use of new technologies such as computer and auditing software, efficient internal control systems, and auditor job security was introduced. Finally, it can be said that the prevention, detection and investigation of fraud in the financial statements of companies, today more than ever has become a serious concern of certified public accountants in the world and more than ever to provide preventive services to accountants Or engage in fraudulent reactions, whether in public or private corporations or in state or quasi-state corporations.
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