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Relationship between legislation and accounting errors from the point of view of business representatives in the Czech Republic

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dc.title Relationship between legislation and accounting errors from the point of view of business representatives in the Czech Republic en
dc.contributor.author Paseková, Marie
dc.contributor.author Kramná, Eva
dc.contributor.author Svitáková, Bohumila
dc.contributor.author Dolejšová, Miroslava
dc.relation.ispartof Oeconomia Copernicana
dc.identifier.issn 2083-1277 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2019
utb.relation.volume 10
utb.relation.issue 1
dc.citation.spage 193
dc.citation.epage 210
dc.type article
dc.language.iso en
dc.publisher Nicolaus Copernicus University Torun
dc.identifier.doi 10.24136/oc.2019.010
dc.relation.uri http://economic-research.pl/Journals/index.php/oc/article/view/1425
dc.subject accounting standards en
dc.subject financial statements en
dc.subject accounting errors and frauds en
dc.subject the Czech Republic en
dc.description.abstract Research background: Previous studies have demonstrated that providing relevant information to users is positively affected by higher quality of accounting standards and adhering to ethical rules and accounting principles by accounting professionals. On the other hand, there are a lot of cases when the law was broken. The most common reason for committing financial statement's fraud include increasing stock prices, getting loans from bank or avoiding payment of taxes. Purpose of the article: The aim of this paper is to evaluate both the relationship between using of legislation and accounting errors rate in the financial statements as well as the possible using of creative accounting from the point of view of enterprises and non-profit organizations in the Czech Republic. Methods: Among the quantitative research methods the questionnaire was used. The questionnaires were sent out to randomly 201 selected enterprises and non-profit organization. The survey was conducted from September 2017 to the end of January 2018. The data were analyzed by means of the tools of descriptive statistics and the chi-square goodness of fit test. The research questions sought to investigate whether Czech Accounting Standards helped in all areas of accounting and reporting and avoiding of errors in financial statements, and whether the respondents encountered fraudulent procedures in compiling financial statements. Findings & Value added: The results indicated that using Czech Accounting Standards was perceived as a useful tool in solving all situations in areas of accounting and avoiding accounting errors. Moreover, it was proved that the volume and frequency of errors were not significant in financial statements. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008683
utb.identifier.obdid 43879927
utb.identifier.scopus 2-s2.0-85079417861
utb.identifier.wok 000467020300010
utb.source j-wok
dc.date.accessioned 2019-07-08T12:00:02Z
dc.date.available 2019-07-08T12:00:02Z
dc.description.sponsorship Internal Grant Agency of University [IGA/FaME/2018/014]
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Paseková, Marie
utb.contributor.internalauthor Kramná, Eva
utb.contributor.internalauthor Svitáková, Bohumila
utb.contributor.internalauthor Dolejšová, Miroslava
utb.fulltext.affiliation Marie Paseková, Eva Kramná, Bohumila Svitáková, Miroslava Dolejšová Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0001-5400-4099 Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0003-4554-7432 Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0001-8551-9466 Tomas Bata University in Zlín, Czech Republic orcid.org/0000-0001-6100-0694
utb.fulltext.dates Received: 5.01.2019 Revised: 14.02.2019 Accepted: 21.02.2019 Published online: 15.03.2019
utb.wos.affiliation [Pasekova, Marie; Kramna, Eva; Svitakova, Bohumila; Dolejsova, Miroslava] Tomas Bata Univ Zlin, Zlin, Czech Republic
utb.scopus.affiliation Tomas Bata University, Zlín, Czech Republic
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Attribution 4.0 International Except where otherwise noted, this item's license is described as Attribution 4.0 International