• Nguyen Ngoc Phong Lan Nguyen Tat Thanh University



financial reporting, financial statement, fraud, Vietnam


Deceptive financial reporting represents a significant worry for the main regulatory bodies overseeing Vietnam's capital market. Both regulatory bodies are continuously enhancing the criteria to ensure thorough monitoring of publicly listed companies. The objective of the current study is to investigate the link between financial statement analysis and fraudulent financial reporting. While numerous researchers have uncovered evidence suggesting the effectiveness of financial ratios in identifying fraudulent financial reporting, others have reached differing conclusions. The majority of these studies were conducted beyond the borders of Vietnam. The sample consists of companies listed in Vietnam, and the data utilized spans from 2011 to 2022. The findings revealed that various financial ratios, including total debt to total assets and receivables to revenue, emerged as significant indicators for identifying fraudulent financial reporting. This suggests that financial ratios could potentially aid in detecting fraudulent activities. These results contribute to the existing body of literature concerning the efficacy of financial ratios in fraud detection.


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How to Cite

Nguyen Ngoc Phong Lan. (2024). IDENTIFYING DECEPTIVE FINANCIAL REPORTING VIA ANALYSIS OF FINANCIAL STATEMENTS: CASE IN VIETNAM. Economics, Finance and Management Review, (1(17), 89–99.



Chapter 2. Development of Finance, Accounting and Auditing