MANIPULATION OF FINANCIAL STATEMENTS

Amelia, Rizky Windar

Kiat Bisnis
Vol 6, No 5 (2017): Kiat Bisnis Juni

The role of a financial report in the presentation of financial statements, each institution or company that makes the report has desire to make “outstanding” financial statement in accordance with their interests. Nowadays, there are many cases in which both big and small companies deliberately „beautify‟ the financial statements for the sake of the company itself. Basically, there are generally two main strategies in manipulating financial statements (financial shenanigans), like inflating and shrinking income.