Abstract:

Although much has been written about creative accounting we can see repeated processes and financial crisis in which allegations are directed toward professional accountants. These practices are considered as distort reported financial statements and basic aims of accounting regulation. The objective of this paper is to highlight aspects regarding creative accounting, connecting this issue with the corporate governance and motivational theories context. In order to achieve this aim our research includes two stages. First consisted in finding information about creative accounting, our start point being the context of the international scandals. The second stage consisted in making an introduction to the theory of agency. The utility of such research contributes to the insurance of the premises for the development of future research, looking to test the reaction of the professional accountants in our country, regarding the phenomenon of creative accounting.