Home – Home – Jornals – Scientific journal “Vestnik NSUEM” 2016 number 1

Beneish manipulation index (M-score) allows with a sufficient degree of reliability to identify the companies who deliberately misrepresented its financial performance in order to make a financial statement more attractive for external users. The parameters of the manipulation index have been developed and investigated on the basis of financial data of companies operating in the jurisdiction of the United States. The applicability of this index as the analytical tool for the analysis of financial statements prepared in accordance with Russian accounting standards remains questionable. As the object of the study was chosen the financial statements of Russian companies have committed defaults on its bonds. The test sample was analyzed with a help of Beneish’s approach to detect earnings manipulation.