ABC테크 회계부정에 관한 사례연구

최초 등록일
2015.09.16
최종 저작일
2015.01
25페이지/파일확장자 어도비 PDF
가격 6,000원
판매자한국학술정보(주) 1회 판매
다운로드
장바구니

* 본 문서는 배포용으로 복사 및 편집이 불가합니다.

서지정보

발행기관 : 한국회계학회 수록지정보 : 회계저널 / 24권 / 4호
저자명 : 허진숙 ( Jin Suk Heo ) , 정경철 ( Kyoung Chol Jung ) , 마희영 ( Hee Young Ma )

한국어 초록

1999년 상장된 차량용 고장진단기 제조업체인 ABC테크는 2003년부터 2007년까지의 사업보고서와 재무제표에 대한 금융감독원 감리를 받았다. 그 결과 2008년에 매출채권 과대계상 및 대손충당금 과소계상으로 감리지적을 받고, 과징금과 감사인 지정 2년, 담당임원 해고 및 전·현직 대표이사의 검찰통보조치가 부과되었다. 본 사례에서는 비재무정보와 재무정보의 분석을 통하여 외부정보이용자들이 ABC테크의 부실징후를 사전에 예측할 수 있는지 알아보고자 한다. 이를 위해 신문기사, 사업보고서 등으로부터 회사의 영업환경을 분석하고, 최대주주나 이사의 변경 내역, 특수관계자 간 거래, 법률 위반사항, 내부회계관리제도 검토의견 등을 통해 경영환경의 취약점 및 지배구조의 문제점을 파악한다. 감리기간 전·후를 포함하여 장기간의 재무제표 분석과 재무비율분석으로 경영성과의 추세를 살펴보는 것과 함께, 감사보수와 감사시간, 감사의견, 계속감사기간, 비감사서비스제공 여부 등으로 대략적인 감사품질을 분석하여 회사의 분식위험을 평가한다. 마지막으로 감사인이 입증감사에 이를 충분히 활용하였는지 분석함으로써 감사절차의 문제점을 파악한다.

영어 초록

This paper explores an accounting fraud case of ABC Tech. Its frauds were mainly related with overreporting accounts receivables and booking unreasonable accounting estimate for allowance for bad debt. Although these fraud techniques are typical and well known to the auditors, theses fraud schemes were successful for several years. Thus, we investigate how accounting information was manipulated by the company and why these frauds were not discovered through regular internal and external audit procedures. And we discuss whether outside investors could detect these fraudulent manipulation in advance. ABC Tech is a car diagnostic scanner company established in 1990. Its business was successful along with booming of high tech cars with expensive and complex electronic systems and they went public in 1999. But its new multimedia business failure in 2001 made the company hard to maintain the minimum requirement to remain listed. After all, the company manipulated financial statements under financial pressure. First, they report fictitious accounts receivables after receiving money from the customer to inflate its receivables. Second, the company understated the allowance for doubtful accounts to decrease expenses. In 2008, FSS(Financial Supervisory Service)``s inspection revealed that financial statements were manipulated by the company. In this paper, we analyse this fraud case from various points of view. As various information such as financial information, management information and important business environment change etc, is freely available to the public via DART system(Korea``s equivalent to EDGAR), we conduct detailed examinations of the company``s accounting information and business environment analysis. First, we explain the accounting fraud schemes and calculate its effects on financial statements. We also suggest adjusting journal entries and correct financial statements. This procedures reveal the company``s intention to meet the listing requirement. Thus this analysis shows the whole picture of fraud structure and financial consequence of the financial manipulation. Second, the company``s disclosures are thoroughly examined. Especially non-financial disclosures are investigated. They showed typical warning signs that the company might be fraudulent. The company reported unusual related party disclosures and invested in the companies which are not related with their business. And the CEO and CFO were changed without reasonable explanation. They conducted small amount of seasoned public offerings frequently which showed the lack of cash flows. Third, we conduct basic financial ratio analysis. The profitability, solvency, liquidity and stability of the firm are investigated. This procedure shows that the company``s business was getting worse in profitability and solvency. And we find that accounts receivables turn over ratio was dropped sharply. This implies that there might be a problem in the timely collection of accounts receivables. Fourth, we investigate auditors`` audit procedures were reasonable. We obtain a FSS investigation report about the audit firm``s audit procedures related with the company``s fraud. This report shows that auditor``s procedures were not enough to find out the company``s fraud. We also compare the audit hour and audit fee of the company with the average figures of matched firms. As a result, the company``s audit fee was higher than the average but the audit hour was lower than the average. Based on these findings, we try to show how accounting information is useful for investors to detect signs of insolvency in the firm. Especially, accounting information users need to know the limitations of audited reports and financial statements. We believe that this case provides a good example to learn how the accounting fraud works and how to find it.

참고 자료

없음

자료문의

제휴사는 별도로 자료문의를 받지 않고 있습니다.

판매자 정보

한국학술정보(주)는 콘텐츠 제작에 도움이 되는 솔루션을 기반으로 풍부한 문화 콘텐츠를 생성하여 새로운 삶의 가치를 창조합니다.

본 학술논문은 한국학술정보(주)와 각 학회간에 저작권계약이 체결된 것으로 AgentSoft가 제공 하고 있습니다.
본 저작물을 불법적으로 이용시는 법적인 제재가 가해질 수 있습니다.

찾던 자료가 아닌가요?아래 자료들 중 찾던 자료가 있는지 확인해보세요

상세하단 배너
우수 콘텐츠 서비스 품질인증 획득
최근 본 자료더보기
상세우측 배너
ABC테크 회계부정에 관한 사례연구