The Impact of Fair Value Concept Appliance on Corporate Profit Tax: Case of Croatian Companies from Real Sector

Gulin, Danimir; Perčević, Hrvoje; Ercegović, Marina

doi:10.1007/978-3-030-53536-0_4

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I4 Creative Accounting In the System Of Internal Controls1

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2023

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“…Internal controls include "drafting of written procedures that will define responsible persons, description of activities, procedures and execution deadlines and double signature records" (Bedeković, 2013). To prevent creative accounting, internal controls are focused on the division of duties and authorities, and the employee cannot make and hide mistakes, irregularities and fraud, or execute transactions, or have control over the company's assets (Gulin et al, 2012).…”

Section: I4 Creative Accounting In the System Of Internal Controlsmentioning

confidence: 99%

Importance of Internal Control for Creative Accounting

Osmanović,

Šarić

2023

AIJES

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Creative accounting enabled accountants to use accounting policies more flexibly. However, it was precisely this flexible application of accounting policies that led creative accounting to become synonymous with manipulative accounting in practice. Financial reports should reflect the actual state of business, but they are often subject to numerous manipulations. In order to prevent manipulations in financial reports, it is necessary for the company to have an established internal control system. In the research conducted through an online survey in Bosnia and Herzegovina, the connection between internal control and the use of creative accounting was investigated. The research confirmed two pre-set hypotheses that the use of creative accounting has an impact on the quality of financial reports, and that well-established internal control prevents to use of creative accounting.

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Section: I4 Creative Accounting In the System Of Internal Controlsmentioning

confidence: 99%