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Journal of Financial Reporting and Accounting The influence of creative accounting on the credibility of accounting reports Essien Ekerette Akpanuko, Ntiedo John Umoren, Article information: To cite this document: Essien Ekerette Akpanuko, Ntiedo John Umoren, "The influence of creative accounting on the credibility of accounting reports", Journal of Financial Reporting and Accounting, Permanent link to this document: Downloaded on: 14 April 2018, At: 07:04 (PT) References: this document contains references to 0 other documents. To copy this document: [email protected] Access to this document was granted through an Emerald subscription provided by emerald-srm:320271 [] For Authors If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit for more information. About Emerald Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. *Related content and download information correct at time of download. Downloaded by UNIVERSITY OF NEW ENGLAND (AUS) At 07:04 14 April 2018 (PT)
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1 The influence of creative accounting on the credibility of accounting reports Essien Akpanuko Department of Accounting University of Uyo, Uyo Nigeria [email protected] Prof Ntiedo J. Umoren Department of Banking and Finance University of Uyo, Uyo Nigeria Abstract The extent to which accounting reports and disclosures provide shareholders and other interested parties with reliable information to permit informed investment decisions and true valuation of firms, has remained in doubts. The presumed bane for the failure of these reports to live up to expectation has been Creative accounting. Most studies view this practice as unethical and should be stopped, others admit that although it contributes to enterprise failures, loss of investments and economic crisis, it is a necessary and legitimate practice. This paper evaluates the extent to which this creativity has contributed to the failures of Enterprises, identifies motivations for this practices and the challenges to true and fair reporting and transparent disclosures. The study adopts the survey cum analytical method. Questionnaire were administered to 80 accountants in Banks and other enterprises with parent companies outside Nigeria and secondary data collected on failed Enterprises in the world. The data collected was descriptively analysed. The findings were different from findings of previous studies. It was
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