Creative accounting "Are accountants in Singapore doing it?"

Abstract

The objective of the project is to determine the extent of creative accounting activities

being practised in Singapore. The scope of the project covers companies listed in the

Stock Exchange of Singapore, which are generally more prone to creative accounting

activities. An easy-to-do methodology is used : reVIewmg literature, sending

questionnaires, conducting interviews, analysing financial reports, and drawing

conclusions. Lastly, creative accounting techniques are used on financial statements of a

manufacturing company to illustrate its effects. Based on the research findings, there is

little evidence to support the view that creative accounting is widely used in Singapore.

However, the possibility that creative accounting is being practised in Singapore is not

ruled out altogether.