（2002）Detecting false financial statements using published data：some evidence from Greece.pdfVIP

Detecting false financial statements using published data: some evidence from Greece Charalambos T. Spathis Aristotle University of Thessaloniki, Department of Economics, Division of Business Administration, Thessaloniki, Greece Keywords In Greece, the issue of false financial Financia l statements , Fraud, Introduction statements has lately been brought more into Regression analysis , Greece References to false financial statement (FFS) the limelight in connection primarily with: Abstract are increasingly frequent over the last few the increase in the number of companies This paper examine s published years. Falsifying financial statements listed on the Athens Stock Exchange and data to develo p a model fo r primarily consists of manipulating elements the raising of capital through public detecting factor s associate d with by overstating assets, sales and profit, or offering; and fals e financia l statements (FFS) . Most fals e financia l statements in understating liabilities, expenses, or losses. attempts to reduce the level of taxation on Greece can be identified on the When a financial statement contains profits. basis of the quantity and content of the qualification s in the reports falsifications so that its elements no longer The year 2000 has been very difficult for the file d by the auditors on the represent the true picture, we speak of fraud. Greek stock market, which has suffered from accounts . A sample of a tota l of Management fraud can be defined as