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2011, vol. 14, iss. 55, pp. 75-87
Risks of accounting fraud and accounting regulations and financial stability
Julon d.d., Ljubljana, Slovenija
Keywords: risk of accounting regulations; risk of accounting fraud; fair value accounting (FVA); risk management; financial markets
Abstract
Distinction between the risk of the accounting regulations and the risk of accounting fraud is the distinction between exposure to the noncompliance with accounting regulations of the issuer of the security (is legal issue) and exposure to the application of allowed accounting regulations and rules by the issuer of the securities. The latter can in the long run show their damaging influence (is issue of legitimacy). System activity exposure to these risks, which could significantly destabilize the financial markets, can be greatly reduced. If reduced, the level of confidence in the financial markets would rise, and a positive signal to investors would be given. Also, this can present an additional incentive to companies to raise funds on financial markets. The paper discusses both of these risks, opportunities and constraints in managing these risks and their impact on the stability of financial markets.
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article language: Serbian
document type: Review Paper
published in SCIndeks: 29/11/2011

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