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ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
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Article from Volume 7, Number 1, Year 2019| EMPIRICAL STUDY REGARDING THE DETECTION OF THE RISK OF FRAUD AND TAX EVASION IN THE FIELD OF WOOD INDUSTRY, IN SUCEAVA COUNTY, USING THE BENEISH MODEL | 
Download | | Author(s): Marian Socoliuc, Domnica Popovici, Mihaela - Ionela Socoliuc | | DOI: 10.4316/EJAFB.2019.714 | | Abstract: Particular attention should be paid to fraud, tax evasion and the underground economy as it affects us all, having a multinational dimension. The research is a quantitative one whose purpose and role is to conduct an empirical study on the detection of the risk of fraud and tax evasion, triggered by accounting manipulations. The main objective of the research is represented by the possibility of testing and detecting the risk of tax evasion by applying the model developed by Professor Beneish (1999) to determine the fraud regarding the financial statements. The research methodology includes conducting a study that involves taking 6 essential steps. The sample on which the study was conducted records a total number of 274 economic entities (x3 financial years) from Suceava County, whose main activity is "wood cutting and re-trimming" (NACE 1610). The main result of the analysis is represented by the fact that the total number of companies that used at least in one of the analysed years fraudulent means to increase their number of sales or to reduce their profit is 223 (representing 79.88% of the total of the analysed companies). The other 51 (i.e. 57.93% of the total analysed companies) companies registered a lower value of the M-score indicator than the reference value, thus indicating that the companies did not manipulate the results in order to "bypass" the fiscal obligations, respectively there is no suspected fraud. | | Keywords: Beneish; Evasion; Fraud; N-E Romania; Risk. | References:
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