A comparison of assets and liabilities which, although usually prepared in accordance with valid accounting principles, does not reflect the actual financial position of the company. – If this happens in the case of larger and even globally operating companies, it can shake the stability of the financial system. Therefore, balance sheet scandals are also in the focus of the central banks. – See activity-shifting, balance sheet-determined, Anderson scandal, disclosures, disguised, balance sheet cosmetics, stock market fraud, corporate governance, information overload, intra-quarter ballooning, management compensation, abusive, accounting, reckless, factual design, voting rights criterion, loss camouflage, special purpose entity consolidation. – Cf. ECB Monthly Report Mail 2005, pp. 94 f. (overview of major scandals and their causes), BaFin Annual Report 2004, p. 176 (Accounting Control Act) and the respective BaFin Annual Report.
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