CREATIVE ACCOUNTING AND THE RELATIVITY OF THE INFORMATIONS PROVIDED BY THE ANNUAL FINANCIAL STATEMENTS

At the beginning of the XXI century, the quality and credibility of financial accounting information were questioned by the generalized economic crisis manifested in the world and by the financial scandals registered at level of large companies. They are based either on detection of forgeries, or of techniques to dissimulate the real situation, the phenomenon known as creative accounting. This article aims to identify and analyze the causes that affect the credibility of financial statements and to make proposals for solving them. Creative accounting is one the most harmful factors for the quality of information provided by financial statements, and to investigate the problem we will explore some definition of it, consider the various ways in which this can be undertaken and identify some ways to limit it.