Avoiding creative accounting: corporate governance and leadership skills
Avoiding creative accounting: corporate governance and leadership skills

Summary/Abstract: The subject of the research is the growing criticism of the phenomenon of creative accounting in mod-ern economic systems. The main purpose of the article is to study the issues related to creative ac-counting and find out whether it is possible, through organizational culture and corporate governance principles, to influence accountants’ decisions regarding the use of creative accounting. The research methodology is based on theoretical and empirical research. The authors have tried to explain the phenomena of creative accounting and distinguish creative accounting from the anomalies of account-ing fraud. The main result of the research is proof that it is possible and necessary to apply the leader-ship concept to reduce the negative consequences of creative accounting. The abuse of creative ac-counting methods should be eliminated by improving ethical norms. In turn, improving ethical stan-dards is impossible without developing leadership skills among people who are professionally engaged in accounting.

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