BENEISH’S M-SCORE MODEL IN THE FUNCTION OF DETECTION OF MANIPULATION IN FINANCIAL REPORTS
DOI:
https://doi.org/10.56362/Rev23101081BKeywords:
accounting manipulations, dynamic analysis of financial indicators, Beneish’s M-score modelAbstract
Financial statements should be prepared in accordance with legal and professional regulations, that is, in accordance with appropriate principles and principles. However, financial reporting is susceptible to manipulation and illegal actions, resulting in obscured or falsified reports. All measures that are deliberately implemented with the aim of not showing the true financial and yield strength of the business entity can be called “creative accounting”. One of the most commonly used models for exposing the manipulative behavior of companies in the segment of financial results is Beneish’s M-score model.
References
ACFE (2022) Occupational Fraud 2022: A Report to the Nations, Association of Certified Fraud Examiners. Dostupno na www.ACFE.com.
Belak, V. (2011). Poslovna forenzika i forenzično računovodstvo: Borba protiv prijevare, BELAX EXCELLENS d.o.o. Zagreb.
Beneish, D. M. (1999).“The Detecting of Earning Manipulation“, Financial Analysts Journal, 55.
Islambegović, N. (2015). S., Specijalna računovodstva II, OFF-SET, Tuzla.
CFI Team (March 7, 2023), Beneish M Score Calculator, https://corporatefinanceinstitute.com/resources/financial-modeling/beneish-m-score-calculator/
MRevS 240 – Revizorove odgovornosti u vezi s prijevarama u reviziji financijskih izvještaja. https://www.srr-fbih.org/sites/default/files/standards/202112/Medunarodni%20revizijski%20standardi.pdf.
MRS 1 – Prezentacija financijskih izvještaja.
Škaric-Jovanović, K. (2007). „Kreativno računovodstvo – motivi, instrumenti i posljedice”, postupak: mjesto i uloga računovodstva, revizije i financije u novom korporativnom okruženju, XI Kongres računovođa i revizora Republike Srpske, Teslić.
