An Empirical Study on Viewpoint Among Auditors and Accountants: Creative Accounting and Forensic Accounting Implication

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Dr. Asif Mahbub Karim, FCGIA


Creative Accounting also known as income smoothing, cosmetic accounting is a legitimate accounting application where by the accountants and the auditors take advantage of the loopholes in the accounting policies as per International Accounting Standards (IAS), Generally Accepted Accounting Principles (GAAP). This research is conducted on the empirical data collected from the auditors and the accountants of the listed companies of Bangladesh. They were interviewed using a 5-point Likert scale questionnaire and the responses were analyzed. A total 50 Auditors and 100 Accountants was surveyed online as respondents as to form an opinion of their perception.  

The finding suggested that the practice of creative accounting was prevailing from the very inception of the books of records as many of the respondent’s opinion suggest that. And many in their opinion suggested that it is a blessing depending on how we use the application.

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