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Threat of bankruptcy and the integrity of financial statement


Omar, Normah and Johar, Zulaikha Amirah and Hasnan, Suhaily (2016) Threat of bankruptcy and the integrity of financial statement. In: International Conference on Accounting Studies (ICAS) 2016, 15-18 August 2016, Langkawi, Kedah, Malaysia.

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Abstract

Financial statement fraud involves the manipulation of financial accounts by overstating assets, sales and profit, understating liabilities and expenses.One of the causes of financial statement fraud is due to threat of bankruptcy. This study explores the effectiveness of Altman Z-Score in predicting the occurrence of financial statement fraud.This study makes a comparison between non-fraudulent companies and fraudulent companies.The sample of non-fraudulent companies is selected from small market capitalization companies in Malaysia.Meanwhile, the sample for fraudulent companies is selected from companies which were charged by the Securities Commission for falsifying financial statements.The result shows that fraudulent companies display sign of bankruptcy before it is charged with falsification of financial statement fraud.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-967-0910-27-7 Organized by: Institute for Strategic and Sustainable Accounting Development (ISSAD), Tunku Puteri Intan Safinaz School of Accountancy, Universiti Utara Malaysia
Uncontrolled Keywords: Altman Z-Score, Small Market Capitalization Companies, Financial Statement Fraud.
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 01 Feb 2017 01:55
Last Modified: 01 Feb 2017 01:55
URI: http://repo.uum.edu.my/id/eprint/20801

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