회계투명성 제고를 위한 분식회계 실태분석

Abstract

This study aims to define the concepts, causes, types and social aftermath of window dressing in accounting of corporations through reviews into literature and to analyze the examples cited by the previous papers concerning window dressing and actual cases practiced by companies in an effort to find measures to root out window dressing and, by thus, to ensure business transparency of domestic corporations. The present study employs a research into domestic as well as foreign cases by means of literature. In sum, cases of window-dressing were analyzed in this study and measures were suggested to better transparency in accounting practice including improvement of accounting system, assurance of independence for auditor and introduction of class-action lawsuits. Actions should be taken to improve corporate structure like change in structure of governance and provision of opportunity to correct financial statements. Finally, it was also proposed to enhance the status of the organization in charge of accounting principles, ushering in of national consensus in this regard as well as spread of ethical consciousness on the part of corporations as a means of practical improvement. Transparency in accounting and ethical operation of corporation while completing social responsibility shall be perceived as essential business strategies and management philosophy to take the lead in the world market.