| Title |
Finansinių ataskaitų korekcijų tyrimas naujausiose Europos Sąjungos šalyse / |
| Translation of Title |
Financial statements restatements research in newest European Union member countries. |
| Authors |
Laginauskaitė, Marija Rita |
| Full Text |
|
| Pages |
71 |
| Keywords [eng] |
financial statement ; financial restatement ; fraud intention |
| Abstract [eng] |
Financial restatement is still important theme in science literature. According to AFCE (Association of Certified Fraud Examiners), approximately 4-11% of all fraud cases are related to financial statements, but mean damage is the highest in this category in comparison to others and is estimated to be from 975 000 to 4 250 000 US dollars. So one after another laws and standards are released when financial fraud scandal emerges. In order to gain investors’ trust, SEC and other stock exchanges started to require to audit financial statements. Time has passed and companies have grown from simple double-entries in bookkeeping to difficult accounting systems. Auditors are not capable of detecting every fraud that is made in company while investors and public still believe that it‘s their main job. This situation in literature is called expactation gap. On the other hand, management is fully responsible for a true and fair information in financial statements. |
| Dissertation Institution |
Kauno technologijos universitetas. |
| Type |
Master thesis |
| Language |
Lithuanian |
| Publication date |
2017 |
