Benford Law and fraudulent financial statements of unlisted enterprises
The private sector plays a vital role in the economic growth of a country and contributes significantly to the state’s budget through tax revenue. However, many enterprises still engage in tax evasion and tax avoidance by manipulating financial statements. To address this issue, a study was conducte...
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| Format: | Article |
| Language: | Vietnamese |
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TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH
2024-10-01
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| Series: | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
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| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3412 |
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| _version_ | 1823861235952648192 |
|---|---|
| author | Nguyễn Thị Thu Hiền Đặng Anh Tuấn |
| author_facet | Nguyễn Thị Thu Hiền Đặng Anh Tuấn |
| author_sort | Nguyễn Thị Thu Hiền |
| collection | DOAJ |
| description | The private sector plays a vital role in the economic growth of a country and contributes significantly to the state’s budget through tax revenue. However, many enterprises still engage in tax evasion and tax avoidance by manipulating financial statements. To address this issue, a study was conducted to determine whether the net profit data of the unlisted enterprises complied with Benford’s Law and whether firms manipulated data to minimize tax liability. The study collected research data on unlisted enterprises in the private sector, excluding foreign direct investment and state-owned enterprises, in 2022. The study showed that most enterprises’ net profit target data complied with Benford’s Law. However, 1,588 firms with negative net profits showed signs of adjusting profits to reduce tax liability. These enterprises had the first digits 1 and 3, the second digits 0, 1, and 3, and the first two digits 20 and 30, which belonged to the opposing net profit target. This finding indicated that Benford’s Law could be used to identify potentially manipulated data. |
| format | Article |
| id | doaj-art-19d2970af90f4b7d9fee10f634e6dcef |
| institution | Kabale University |
| issn | 2734-9306 2734-9578 |
| language | Vietnamese |
| publishDate | 2024-10-01 |
| publisher | TẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINH |
| record_format | Article |
| series | Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh |
| spelling | doaj-art-19d2970af90f4b7d9fee10f634e6dcef2025-02-10T04:17:41ZvieTẠP CHÍ KHOA HỌC ĐẠI HỌC MỞ THÀNH PHỐ HỒ CHÍ MINHTạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh2734-93062734-95782024-10-01201546810.46223/HCMCOUJS.econ.vi.20.1.3412.20252243Benford Law and fraudulent financial statements of unlisted enterprisesNguyễn Thị Thu Hiền0Đặng Anh Tuấn1Trường Đại học Công nghiệp Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhTrường Đại học Công nghiệp Thành phố Hồ Chí Minh, Thành phố Hồ Chí MinhThe private sector plays a vital role in the economic growth of a country and contributes significantly to the state’s budget through tax revenue. However, many enterprises still engage in tax evasion and tax avoidance by manipulating financial statements. To address this issue, a study was conducted to determine whether the net profit data of the unlisted enterprises complied with Benford’s Law and whether firms manipulated data to minimize tax liability. The study collected research data on unlisted enterprises in the private sector, excluding foreign direct investment and state-owned enterprises, in 2022. The study showed that most enterprises’ net profit target data complied with Benford’s Law. However, 1,588 firms with negative net profits showed signs of adjusting profits to reduce tax liability. These enterprises had the first digits 1 and 3, the second digits 0, 1, and 3, and the first two digits 20 and 30, which belonged to the opposing net profit target. This finding indicated that Benford’s Law could be used to identify potentially manipulated data.https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3412báo cáo tài chínhcông ty chưa niêm yếtgian lậnlợi nhuậnluật beford |
| spellingShingle | Nguyễn Thị Thu Hiền Đặng Anh Tuấn Benford Law and fraudulent financial statements of unlisted enterprises Tạp chí Khoa học Đại học Mở Thành phố Hồ Chí Minh - Kinh tế và Quản trị kinh doanh báo cáo tài chính công ty chưa niêm yết gian lận lợi nhuận luật beford |
| title | Benford Law and fraudulent financial statements of unlisted enterprises |
| title_full | Benford Law and fraudulent financial statements of unlisted enterprises |
| title_fullStr | Benford Law and fraudulent financial statements of unlisted enterprises |
| title_full_unstemmed | Benford Law and fraudulent financial statements of unlisted enterprises |
| title_short | Benford Law and fraudulent financial statements of unlisted enterprises |
| title_sort | benford law and fraudulent financial statements of unlisted enterprises |
| topic | báo cáo tài chính công ty chưa niêm yết gian lận lợi nhuận luật beford |
| url | https://journalofscience.ou.edu.vn/index.php/econ-vi/article/view/3412 |
| work_keys_str_mv | AT nguyenthithuhien benfordlawandfraudulentfinancialstatementsofunlistedenterprises AT đanganhtuan benfordlawandfraudulentfinancialstatementsofunlistedenterprises |