IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxxiiiy2023i1p978-985.html
   My bibliography  Save this article

Exploratory Analysis of Assets Nonconformities in Financial Statements

Author

Listed:
  • Alina (Chiriac) Matei

    (The Bucharest University of Economic Studies, Romania)

  • Kamer-Ainur Aivaz

    („Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

Abstract

Financial irregularities can occur in the management of assets and may be caused by faulty accounting procedures, erroneous estimates, inadequate depreciation or unexpected losses. Such irregularities and errors can affect both the financial statements and the overall performance of the firm. Financial errors can have similar effects. They could arise either from incorrect accounting for asset acquisition or depreciation, negligence or misinterpretation of accounting rules. Such mistakes can disrupt financial statements and the understanding of a company's financial performance and stability. Based on the indicators reported by firms in 2021, this study identifies both at the level of each county and by taxpayer category, situations where fixed assets are lower than tangible assets, and the risk of non-compliance in financial reporting appears to be significant.

Suggested Citation

  • Alina (Chiriac) Matei & Kamer-Ainur Aivaz, 2023. "Exploratory Analysis of Assets Nonconformities in Financial Statements," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 978-985, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:978-985
    as

    Download full text from publisher

    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/15.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mari-Isabella STAN, 2014. "Public-Private Partnership - A Solution For Sustainable Urban Development Of Cities," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 56, pages 139-147, March.
    2. Ionela Munteanu, 2020. "Financial Reporting Quality and Operational Efficiency in the Coastal Region of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 978-984, December.
    3. Mircea-Iosif Rus, 2019. "Tax Evasion Vs. Fiscal Fraud," FIAT IUSTITIA, Dimitrie Cantemir Faculty of Law Cluj Napoca, Romania, vol. 13(2), pages 144-148, October.
    4. Rus Mircea-Iosif, 2013. ""The Knowledge Triangle" In A Knowledge-Based Society," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 942-947, July.
    5. Mari-Isabella STAN, 2013. "European And International Legal Regulation Of Environmental Impact Assessment In The Coastal Area Of Romania," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 53, pages 111-118, June.
    6. Rabi’u Abdullahi & Noorhayati Mansor, 2015. "Fraud Triangle Theory and Fraud Diamond Theory. Understanding the Convergent and Divergent For Future Research," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 38-45, October.
    7. Kamer-Ainur Aivaz & Ionela Florea Munteanu & Mari-Isabella Stan & Alina Chiriac, 2022. "A Multivariate Analysis of the Links between Transport Noncompliance and Financial Uncertainty in Times of COVID-19 Pandemics and War," Sustainability, MDPI, vol. 14(16), pages 1-23, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iulia-Oana FLOREA & Kamer-Ainur AIVAZ, 2022. "A Dynamic Analysis of Economic Crime in Europe: The Role of the European Institutions in the Prevention of Economic Crimes in the COVID-19 Pandemic," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 17-28.
    2. Stefania-Rodica Hubel (Anghel) & Mari-Isabella Stan & Tanase Tasente, 2023. "Assessing the Role of Gender in Shaping Perceptions of Socio- Economic Issues in the Context of Sustainable Local Development: A Study on Respondents' Influence," Technium Sustainability, Technium Science, vol. 3(1), pages 76-90, June.
    3. Iulia-Oana FLOREA & Kamer-Ainur AIVAZ, 2022. "The Dimension of the Phenomenon of Economic Crime. A Hierarchical Classification of EU Countries at the Level of 2021," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 125-134.
    4. Elena Condrea & Stefania-Rodica Hubel (Anghel) & Mari-Isabella Stan, 2023. "Local Development through Collaborative Action: A Study on the Central Dobrogea Local Action Group (GAL-DC) and its Project-Based Associative Framework," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 61-71, December.
    5. Oana-Iulia Florea & Kamer-Ainur Aivaz & Diane-Paula Vancea, 2022. "Exploratory Study on the Types of Economic Crimes at EU Level," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 68-76, Decembrie.
    6. Mari-Isabella Stan, 2022. "The impact of the pandemic crisis on employment in the context of urbanization," Technium Social Sciences Journal, Technium Science, vol. 33(1), pages 492-505, July.
    7. Bello Umar & Umar Abbas Ibrahim & Peter Eriki, 2020. "Forensic Accounting and Incidence of Fraud Detection: Evidence from Nigeria," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 72-81, April.
    8. Olukayode Abayomi Sorunke, 2016. "Personal Ethics and Fraudster Motivation: The Missing Link in Fraud Triangle and Fraud Diamond Theories," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(2), pages 159-165, February.
    9. V.U. Imagbe & T.O. Abiloro & G.A. Saheed, 2019. "Fraud Diamond and Financial Crimes in Nigerian Banking Industries," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(4), pages 294-303, October.
    10. Yustiana Djaelani & Zainuddin Zainuddin & Rena Mustari Mokoginta, 2022. "Academic fraud of students in the Covid-19 period: Testing with the Pentagon's fraud dimension," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(2), pages 414-422, March.
    11. Kamer-Ainur AIVAZ, 2021. "Investigating the Impact of Subsidy Revenues on Turnover at the Level of Agriculture, Forestry and Fishing Companies in the Coastal Area of the Black Sea," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 31-38.
    12. Gabriela Iuliana Paraschiv (Ganea) & Mari-Isabella Stan, 2023. "A Brief Survey Concerning Environmental Action: The Need for Collective Engagement," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 182-191, August.
    13. Florica Brasoveanu, 2023. "Transparency and Public Participation in EU Environmental Decisionmaking: Strengthening Global Governance and Regional Cooperation," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 28-35, December.
    14. Oana-Iulia Florea & Kamer-Ainur Aivaz & Diane-Paula Vancea, 2023. "The Hidden Mechanisms and Impact of International Economic Crime: A Bibliometric Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 72-79, December.
    15. Madzivire E.T & Nyamwanza L & Mushonga W & Takachicha M. T & Mulonda D, 2020. "An Investigation on the Effectiveness of Forensic Audit as a Tool for Fraud Detection and Prevention," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 10(2), pages 49-67.
    16. Intiyas Utami & Yosephine Widwining Astiti & Nafsiah Mohamed, 2019. "Fraud Intention and Machiavellianism: An Experimental Study of Fraud Triangle," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 269-279, August.
    17. Nor Balkish Zakaria & Muhammad Farhan Nordin & Rahimah Mohamed Yunos & Jamaliah Said, 2019. "The Integrity of Local Enforcement Officers: Self Proclaim vs Colleague Perception," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 288-300, August.
    18. Haiquan Wu & Wenli Liao & Zhifang Zhou & Yi Li, 2021. "Can Financial Constraints and Regulatory Distance Reduce Corporate Environmental Irresponsibility?," Sustainability, MDPI, vol. 13(23), pages 1-25, November.
    19. Rodgers, Waymond & Al Shammakhi, Badriya N. & Jeaneth, Johansson & Wincent, Joakim & Adams, Kweku, 2020. "DIY Entrepreneurship: a decision-pathway framework for ethical thought structures," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    20. AIVAZ Kamer-Ainur & TOFAN Ionela, 2022. "The Synergy Between Digitalization And The Level Of Research And Business Development Allocations At Eu Level," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(3), pages 5-17, December.

    More about this item

    Keywords

    assets nonconformities; exloratory analysis; financial error; fixed assets; noncurrent assets; tangible assets;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:978-985. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.