A BRIEF REVIEW OF CREATIVE ACCOUNTING LITERATURE AND ITS CONSEQUENCES IN PRACTICE

Abstract

Our research has as main objective a short review of the aspects approached at theEuropean level regarding the role that creative accounting plays in the life of an enterprise. Inorder to achieve our goal, we have analysed approximately 40 academic articles indexed ininternational database, such as Science Direct, Emerald and ProQuest. We have used alongitudinal classification of the selected articles, studied between the years 1999 and 2009; wehave tried, also, a classification of these papers according to the most frequent debating themes. In the end of our research, we have formulated our own conclusion,, that there is nounanimously or unifying accepted theory at the international or European level regarding what is,what the creative accounting represents or which are its basic principles.creative accounting, financial scandals, financial reporting