Possibilities of creative accounting avoidance in the Slovak Republic

Economic Annals-ХХI: Volume 158, Issue 3-4(2), Pages: 97-100

Citation information:
Stangova, N., & Vіghova, A. (2016). Possibilities of creative accounting avoidance in the Slovak Republic. Economic Annals-XXI, 158(3-4(2)), 97-100. doi: https://doi.org/10.21003/ea.V158-22

Nora Stangova
PhD (Economics),
Professor,
School of Economics and Management in Public Administration in Bratislava
16 Furdekova Str, Bratislava 5, 851 04 Slovak Republic
nora.stangova@vsemvs.sk

Agnesa Vіghova
PhD (Economics),
Fellow Lecturer,
School of Economics and Management in Public Administration in Bratislava
16 Furdekova Str, Bratislava 5, 851 04 Slovak Republic
agnesa.vighova@vsemvs.sk

Possibilities of creative accounting avoidance in the Slovak Republic

Abstract. Creative accounting is a common phenomenon in recording the results in organisations. Act No. 431/2002 determines the need for the true and fair representation of econominc results in Slovakia. In this article, the authors discuss the key assumptions of the audit in view of the financial audit application. Based at Slovak legislation, the authors present selected methods and possibilities of the creative accounting avoidance, which have a major impact on public finances in the form of taxes.

Keywords: Financial Accounting; Creative Accounting; Tax Evasion; Financial Audit

JEL Classification: H4; H41

DOI: https://doi.org/10.21003/ea.V158-22

References

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Received 14.01.2016