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Forensic Accounting as a Tool to Reduce the Risk of Accounting Fraud
MIHALO, Jan
The topic of this diploma thesis is the Forensic Accounting, which is related to the accounting fraud. Literature review is a chapter devoted to the characteristics of accounting fraud, damage caused by fraudulent behavior and punishment. There is also an information from global economic fraud surveys performed by top consulting company. In this diploma work is a chapter about internal control system, with prerequisites for its functioning and used tools. The last part of literature review is about method of forensic accounting. These methods are used in the practical part a tested on financial statements, processed according to Czech accounting standards, of chosen company. Then in the practical part is an evaluation of internal control system, which is described in detail. Another part is dedicated to the accounting crime committed in the chosen company. Even though that accounting crime was committed, current state of internal control system of chosen company is very good. The analysis which was retroactively done indicates a possible risk of accounting fraud just in this period. These forensic methods were applied also for another years and it has been shown that accounting gives a true and fair view.
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Ukraine Financial Markets - The Analysis of Financial Frauds
Melnychuk, Oleksandr ; Taušer, Josef (advisor) ; Žamberský, Pavel (referee)
Ukraine is quite new country, which faces early stages of its development. The financial market of the country has passed through different and challenging times for these 20 years and still has to choose several essential factors for the further development. The existence of financial frauds in Ukraine could be explained by lack of knowledge and information in the country as well as low level of trust to the government. The case of JSC "MMM" and Mr. Mavrodi is the best well-known example of Ponzi scheme in Ukraine and all post-Soviet countries, which gives the possibility to analyze the main features of its consequences.
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Analysis of specific cases of cybercrimes in the financial sector
Skřivánková, Klára ; Toman, Prokop (advisor) ; Svatá, Vlasta (referee)
The thesis deals with the issue of currently most frequent cyber attacks apperaring in the financial sector, that do not aim to fraud financial institutions, but particularly target their clients, average Internet users. The highest attention is deserved to fraud emails -- as known as phishing. The other types of internet frauds and scams, such as Nigerian email scams or the Zeus virus, are not omitted. In the document is presented textual and pictorial guide, which contents a list of warning signs, that helps common Internet user identify and reveal email fraud. The multicriterial analysis evaluates the level of education and awareness, that selected financial institutions provide to their clients using the official web sites. In the last chapter are suggested recommendations and advices leading to increase availability, clearness and quality of information regarding internet frauds and financial threats.
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creative accounting
Havlůj, Zdeněk ; Pelák, Jiří (advisor) ; Molín, Jan (referee)
In this thesis I try to clarify the concept of "creative accounting ". First I define the difference between error and fraud. Then I try to compare two different accounting systems (IFRS and Czech accounting standards). I specify the major differences between these two systems (the valuation of assets, the principle of revenue recognition etc.) and I compare their impact on the financial statements. In the end I consider the role of adoption of the Sarbanes-Oxley Act in relation to the creative accounting.
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Ethics In Accounting Career
DICHTLOVÁ, Anna
The purpose of my thesis was to refer to fundamental principals of claims on accounting profession, to possibilities inducing potential conflicts of professional and employee interests and possibilities of abuse. At the same time I characterised independence threats. Among most frequent risks are self-interest threat and familiarity threat. We should consider also self-review threat, advocacy threat and intimidation threat. People working as accountants and those working as auditors should meet claims such as integrity, objectivity, confidentiality and professional behaviour. In my thesis I named concrete examples of accounting frauds as effects of violation of claims on accounting profession, conflicts of interests and independence threats. I also described examples of preventing financial frauds.
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Aggressive earnings management in publicly traded companies and its impact on share prices
Sysel, Vladimír ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
The goal of this diploma thesis "Aggressive earnings management in publicly traded companies and its impact on share prices" is to connect an interesting topic of earnings management, which is part of a wider group -- financial fraud, with specific impact on the capital market. This thesis includes identification and quantification of the impact on a well known case of corporate fraud -- Enron. First part of the thesis describes and discusses the topic earnings management including its definition, motivation, tests, connected risk and legislation. Second part discusses share valuation techniques -- relative and absolute methods, which will be used in the last part. Last part of the thesis, using the well known case of earnings management -- Enron, quantifies the extent of earnings management, its impact on share prices and total damages caused to investors.
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