EFFECTIVENESS OF MODELS FOR DETECTING ACCOUNTING MANIPULATION IN INSOLVENCY PREDICTION
Natalia Job, Kacper Stabryła-Tatko
The article discusses the issues of accounting manipulation and false insolvency. It also discusses the difference between the terms insolvency and bankruptcy, as well as between creative and aggressive accounting. Two research methods are presented: M.Beneish model and the methods of red flags. The empirical part presents research results of twelve bankrupt companies; the final part includes conclusions and the observations of the authors.