Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards

Zita Drábková
2015 Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis  
DRÁBKOVÁ ZITA. 2015. Analysis of Possibilities of Detectnig the Manipulation of Financial Statements in Terms of the IFRS and Czech Accounting Standards. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(6): 1859-1866. The main objective of fi nancial statements is to give information. The diversity of interests and objectives of individual groups of users and creators of fi nancial statements presents the risk of manipulation of fi nancial statements in the context of
more » ... in the context of true and fair view as defi ned in the national accounting legislation. The paper is concerned with the diff erent possibilities of detecting the manipulation of fi nancial statements in terms of the Czech Accounting Standards and IFRS. The paper analyzes the selected risk detection models of the manipulation of fi nancial statements using creative accounting methods, off -balance sheet fi nancing methods and accounting frauds in specifi c case studies of selected accounting unit in terms of Czech accounting standards. Based on the analysis and comparison of the results thereof, the paper presents and evaluates the alternatives of users of fi nancial statements to evaluate the risk of manipulation of fi nancial statements beyond the scope of a fair and true view. The evaluation further includes a comparison of uses of these models with respect to the International Financial Reporting Standards. Keywords: fi nancial statements, detection of the risk of manipulating fi nancial statements
doi:10.11118/actaun201563061859 fatcat:cri5hh6k6vaidimnbokmh23bvq