Using CFEBT Risk Triangle and Pental Accounting for Detection Risks of Accounting Errors and Frauds
Zita Drábková, Jiří Dušek

Language: en
Last modified: 2018-04-10


This paper focuses on options of CFEBT risk triangl and Pental accounting for detection of accounting errors and frauds. These approaches are based on similar hypothesis about financial performance and cash flow. This paper deals with comparable selected approaches as a tool for decreasing of information assymetry between creators and users of accounting records and financial statements.

In addition it presents the CFEBT risk triangle of accounting errors and frauds and using Pental accounting as tools of the forensic accounting. The CFEBT model was designed and based on the hypothesis of a relationship between loss or profit and an increase in cash flow in the period of five years, i.e. whether the sum of their value in five years with minor variations lead to a simila results. Pental accounting is based on the similar hypothesis of pental equation. As a conclusion, this paper shows possible aspects of using selected approaches for accounting users.


Risk triangle of accounting errors and frauds; Pental accounting; Fraud risk management; Forensic accounting

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