Paper #363

Título:

The struggle against creative accounting: Is "true and fair view" part of the problem or part of the solution?

Autores:

Oriol Amat, John Blake y Ester Oliveras

Fecha:

Marzo 1999

Resumen:

Creative accounting is a growing issue of interest in Spain. In this article we argue that the concept true and fair view can limit or promote the use of creative accounting depending upon its interpretation. We review the range of meanings that true and fair view can take at an international level and compare the experience of the United Kingdom with the Australian one by analysing the use of true and fair view to limit creative accounting. Finally, we suggest lines of action to be considered by the Spanish accounting standards-setting institutions.

Palabras clave:

Creative accounting, imagen fiel, true and fair view, accounting regulation

Códigos JEL:

M41

Área de investigación:

Finanzas y Contabilidad

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