Empirical Research on the Ethics of Creative Accounting
Empirical Research on the Ethics of Creative Accounting

Summary/Abstract: The issue of ethics in financial accounting arises in the conditions underwhich it aims to produce an image of reality so that diverse recipients are informed,and which depend on the assessment of the participants. Their ethics play a particularpart in finding the truth, however, because they are those who observe, understand,formalize, and, finally, create financial statements which should reflect the realityfaithfully. As temptations are considerable, the search for truth, through formalizing aconcrete economic reality, is guaranteed only by the professionalism andconsciousness of those involved in the accounting of finance. Accounting practices arebasic, however, for creative accounting numerous problems occur. Creatingaccounting does not clearly correspond to its spirit, even though it fulfils statutoryrequirements, accounting principles, and reporting norms. The creative accountingfunction for academics, regulators and investors is of great importance in developingand reporting on financial performance in business. The aim of this research is toidentify the degree in which employees in accounting firms in Lebanon use creativeaccounting techniques.

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