The financial statements in „National Lampoon”
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2011, Vol 2011, Issue 64
Abstract
Economic developments in the United States in 2000–2001, particularly Enron and WorldCom scandal have made a phenomenon which was called creative accounting. With creative accounting we have to do, when permitted by law principles, customs and acco-unting policies are selected to present the most desirable in the circumstances image the company, but which is not necessarily a reliable reflection of reality (Zarzecki, 2005). Such activities are associated with counterfeiting of financial statements to conceal or distort the actual financial results or financial condition of the unit. There are many ways of falsification of reports, however, have developed some general tech-niques which are undoubtedly the concretization of these practices.
Authors and Affiliations
Katarzyna Stochniałek-Mulas
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