Beneish M-score和Altman Z-score作为企业欺诈检测的催化剂

G. Kukreja, Sanjay Gupta, A. Sarea, S. Kumaraswamy
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引用次数: 14

摘要

近年来,越来越多的公司虚假财务报告引起了投资者对资本市场信心的担忧。学者和行业从业者采用不同的风险管理技术来检测财务报表的虚假报告。本文旨在确定Beneish M-score和Altman Z-score模型在Comscore公司(美国的一家媒体分析公司)早期发现重大错报的有效性。设计/方法/方法对Comscore公司2012年至2018年的财务报表进行了分析,主要目标是采用Beneish M-score和Altman Z-score进行早期欺诈检测。研究结果表明,与Altman Z-score相比,Beneish M-score在欺诈检测方面的可预测性更低。研究结果并没有证实贝尼什模型在预测虚假财务报表方面的有效性。研究得出结论,法医工具的选择极大地影响了欺诈检测结果。研究结果可以指导投资者、财务审计师和法务审计师的政策决策,因为本研究提供了法务工具在发现公司实体财务报表舞弊方面的有效性的一些证据。这是第一个将这两个广泛使用的工具应用于最近的大公司丑闻的研究:Comscore, Inc。
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Beneish M-score and Altman Z-score as a catalyst for corporate fraud detection
Purpose The increasing incidence of fraudulent financial reporting by firms in recent years raises concerns about investors' confidence in capital markets. Academicians and industry practitioners adopt diverse risk management techniques to detect fraudulent reporting of financial statements. This paper aims to determine the effectiveness of the Beneish M-score and Altman Z-score models for the early detection of material misstatements at Comscore, Inc., a media analytics firm in the United States of America. Design/methodology/approach The financial statements of Comscore Inc. from 2012 to 2018 were analyzed with the primary objective of early fraud detection by employing the Beneish M-score and the Altman Z-score. Findings The study’s outcomes indicate that the Beneish M-score is less predictable in fraud detection compared to the Altman Z-score. The study results did not confirm the efficacy of the Beneish model in predicting fraudulent financial statements. The study concludes that the choice of forensic tool greatly influences fraud detection outcomes. Practical Implication The research findings can guide the policy decision-making of investors, financial auditors, and forensic auditors as this study provides some evidence of the effectiveness of forensic tools in the detection of financial statement fraud in corporate entities. Originality/value This is the first study to apply these two widely used tools to the most recent big corporate scandal: Comscore, Inc.
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