Detection of earnings management in insurance companies in Slovakia

Research background: Manipulation and the use of creative accounting or earnings management have become an increasingly popular topic in history researchers. Since 2002, this issue has attracted attention scientists economists around world. On Slovak market, more than 30 insurance companies are actually operating, some analyses revealed that these engaging activities do not comply with law. Purpose article: The article aims to selected models for detection fraudulent financial reporting determine whether there unfair Slovakia. At same time, we evaluate reliability recommend best sector. Methods: Based on set criteria, Beneish model five parameters eight applied 20 Financial Insurance sector which manipulated statements. analysis is performed using real data from Amadeus database. Findings & Value added: For industry, parameters. Comparing two models, can conclude accurate thorough. reason also works