Analyze the manipulation of financial statements of enterprises listed on Ho Chi Minh City Stock Exchange

Abstract

This study was conducted to analyze the manipulation of financial statements of enterprises listed on the Stock Exchange of Ho Chi Minh City. The data set used 185 financial statements of 128 enterprises listed on the Ho Chi Minh Stock Exchange the period from 2016 - 2019. The analysis found that 47 reports were classified as manipulated. The t-test results showed that the two groups of financial statements with manipulation and non-manipulation had differences in the cost index of sales and administration. Logistics model results showed that the ability to manipulate financial statements is inversely correlated with SGI, DEPI, TATA, and INV variables. In addition, the likelihood of manipulated financial statements is higher as SGAI variables increase. As a result of this study, the topic has proposed several solutions to improve transparency and reduce the problem of information manipulation in financial statements.