engleski

Manipulation of the Company's Performance Reports Information and the Question of the Function Holder's Ethics

Companies that respect social, ethical and legally acceptable parameters are considered legitimate, run by responsible management and with qualitative performance reports. Running a company against generally accepted norms, rules and procedures, is considered as socially unaccepted behaviour. Regarding financial reporting, this includes the application of different accounting standards and regulations than the standard ones, their unacceptance or a choice of such accounting methods, procedures and politics that would seriously damage the quality and the integrity of the financial reporting process. Procedures, motives and circumstances that encourage manipulation with financial information, as well as the damage it may cause, influence directly the quality of information presented to beneficiaries and, consequently, the quality of their business decisions. Therefore, it should be taken under great consideration the ethics of professional accountants, as well as the ethics of other participants involved in the financial reporting process.

manipulation with financial information ; quality of business decisions ; function holder's ethics

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