Consequences of False Information in the Financial Statements
The article discusses the problem of information misstatements in accounting financial statements. When making decisions about possible cooperation and evaluating the company's activities, external users rely primarily on data from public accounting financial statements. Therefore, it should provide a complete and truthful picture of the company's financial position. However, it is not always easy to achieve the most reliable representation of the facts of an enterprise's economic activity for a number of quite objective reasons.