User:Omgmylife/Accounting irregularity
 | This is the sandbox page where you will draft your initial Wikipedia contribution.
If you're starting a new article, you can develop it here until it's ready to go live. If you're working on improvements to an existing article, copy only one section at a time of the article to this sandbox to work on, and be sure to use an edit summary linking to the article you copied from. Do not copy over the entire article. You can find additional instructions here. Remember to save your work regularly using the "Publish page" button. (It just means 'save'; it will still be in the sandbox.) You can add bold formatting to your additions to differentiate them from existing content. |
Article Draft
[edit]
An accounting irregularity is an entry or statement that does not conform to the normal laws, practises and rules of the accounting profession, having the deliberate intent to deceive or defraud. Accounting irregularities can consist of intentionally misstating amounts and other information in financial statements, or omitting information required to be disclosed.[1][2] Financial misstatements would cause huge losses for investors.[3] More irregularities are found in companies with higher incentives. [4] Accounting irregularities are often committed as a means to an end. For example, assets misappropriations may be concealed by using irregular accounting entries and profit overstatements may inflate the year end bonuses to offender. Offender may falsify the company performance to conceal low productivity and enhanced stock price.[5] Accounting irregularities are commonly distinguished from unintentional mistakes or errors.[1] [2]The misstatements could cause significant concern about the quality of the firm's financial reports.[6]
Article body
[edit]References
[edit]- ^ a b Hendrikse, John W. (2004). Business governance handbook : principles and practice. Leigh Hefer. Cape Town: Juta Academic. ISBN 0-7021-6499-2. OCLC 62755423.
- ^ a b Kwok, Benny K. B. (2005). Accounting irregularities in financial statements : a definitive guide for litigators, auditors, and fraud investigators. Aldershot, Hants, England: Gower. ISBN 0-566-08621-2. OCLC 58043144.
- ^ Donelson, Dain C.; Kartapanis, Antonis; McInnis, John; Yust, Christopher G. (2021-11-01). "Measuring Accounting Fraud and Irregularities Using Public and Private Enforcement". The Accounting Review. 96 (6): 183–213. doi:10.2308/TAR-2018-0592. ISSN 1558-7967.
- ^ Henselmann, Klaus; Ditter, Dominik; Scherr, Elisabeth (2015-12-01). "Irregularities in Accounting Numbers and Earnings Management—A Novel Approach Based on SEC XBRL Filings". Journal of Emerging Technologies in Accounting. 12 (1): 117–151. doi:10.2308/jeta-51247. ISSN 1558-7940.
- ^ Kedia, Simi; Philippon, Thomas (2009). "The Economics of Fraudulent Accounting". Review of Financial Studies. 22 (6): 2169–2199. doi:10.1093/rfs/hhm016. ISSN 0893-9454.
- ^ Ge, Weili; Matsumoto, Dawn; Wang, Emily Jing; Zhang, Jenny Li; Thomas, Wayne (2020). "The Price of Being Foreign: Stock Market Penalties Associated with Accounting Irregularities for U.S.‐Listed Foreign Firms". Contemporary Accounting Research. 37 (2): 1073–1106. doi:10.1111/1911-3846.12530. ISSN 0823-9150.