Accounting Fraud and Accounting Standards: The Case of Toshiba's Fraudulent Accounting
- 10.2991/icaat-16.2016.44How to use a DOI?
- Accounting frauds, accounting standards, Toshiba
This study addresses the case of Toshiba's fraudulent accounting in 2015 and examines its implications for setting accounting standards while considering the linkage between theory and practice. If this case is not an isolated case, then what is the problem with the existing accounting standards? The purpose of this study is to clarify this. In conclusion, this case was not a special case insofar as we considered it in this study. In general, it might be difficult to judge their appropriateness for some expenses in practice. accounting frauds committed using these items would not be a problem of Toshiba only. If we try to judge whether an accounting treatment that is based on a firm's future expectations is right, we need to share at least the probability space that the firm assumes. As a result, it is necessary to look into the extent of costs and benefits obtaining by the users of information when financial statements contain data where it is not possible to determine whether this data is appropriate or not. This equilibrium solution would decide the extent of management's decision in the socially appropriate accounting standards.
- © 2016, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Daisuke Suzuki AU - Junpei Yamada PY - 2016/12 DA - 2016/12 TI - Accounting Fraud and Accounting Standards: The Case of Toshiba's Fraudulent Accounting BT - Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016) PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/icaat-16.2016.44 DO - 10.2991/icaat-16.2016.44 ID - Suzuki2016/12 ER -