How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis
In this paper we have conducted an empirical analysis of the relevant accounting irregularities assessed in Spanish bankruptcy proceedings. Based on a sample of 121 judgments in which the Mercantile Courts and the Provincial Courts analysed the accounting situation of bankrupt companies, we have ob...
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| Format: | Article |
| Language: | English |
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Universidad de Murcia
2025-01-01
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| Series: | Revista de Contabilidad: Spanish Accounting Review |
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| Online Access: | https://revistas.um.es/rcsar/article/view/577941 |
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| author | Juan Monterrey Mayoral Aurora-Esther Rabazo Martín |
| author_facet | Juan Monterrey Mayoral Aurora-Esther Rabazo Martín |
| author_sort | Juan Monterrey Mayoral |
| collection | DOAJ |
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In this paper we have conducted an empirical analysis of the relevant accounting irregularities assessed in Spanish bankruptcy proceedings. Based on a sample of 121 judgments in which the Mercantile Courts and the Provincial Courts analysed the accounting situation of bankrupt companies, we have obtained evidence that judges and courts take into account both quantitative and qualitative factors of the materiality of the infractions, and that judges specialised in mercantile matters tend to apply stricter levels of materiality than non-specialists. However, neither accounting offences nor the degree of specialisation of the judges seemed to have a significant impact on the sentences imposed. Finally, we did not find that implicitly selected materiality levels in precedent judgments could condition or influence the qualification of accounting irregularities in judicial demarcations.
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| format | Article |
| id | doaj-art-1142232a02044f57bb768cf3e89dc0c5 |
| institution | OA Journals |
| issn | 1138-4891 1988-4672 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Universidad de Murcia |
| record_format | Article |
| series | Revista de Contabilidad: Spanish Accounting Review |
| spelling | doaj-art-1142232a02044f57bb768cf3e89dc0c52025-08-20T02:13:53ZengUniversidad de MurciaRevista de Contabilidad: Spanish Accounting Review1138-48911988-46722025-01-0128110.6018/rcsar.577941How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysisJuan Monterrey Mayoral0https://orcid.org/0000-0002-9405-2885Aurora-Esther Rabazo Martín1https://orcid.org/0000-0002-5159-625XUniversidad de Extremadura, Badajoz-SPAINUniversidad de Extremadura, Badajoz-SPAIN In this paper we have conducted an empirical analysis of the relevant accounting irregularities assessed in Spanish bankruptcy proceedings. Based on a sample of 121 judgments in which the Mercantile Courts and the Provincial Courts analysed the accounting situation of bankrupt companies, we have obtained evidence that judges and courts take into account both quantitative and qualitative factors of the materiality of the infractions, and that judges specialised in mercantile matters tend to apply stricter levels of materiality than non-specialists. However, neither accounting offences nor the degree of specialisation of the judges seemed to have a significant impact on the sentences imposed. Finally, we did not find that implicitly selected materiality levels in precedent judgments could condition or influence the qualification of accounting irregularities in judicial demarcations. https://revistas.um.es/rcsar/article/view/577941Accounting irregularitiesBankruptcy proceduresMateriality |
| spellingShingle | Juan Monterrey Mayoral Aurora-Esther Rabazo Martín How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis Revista de Contabilidad: Spanish Accounting Review Accounting irregularities Bankruptcy procedures Materiality |
| title | How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis |
| title_full | How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis |
| title_fullStr | How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis |
| title_full_unstemmed | How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis |
| title_short | How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis |
| title_sort | how are accounting irregularities examined in spanish insolvency proceedings an empirical analysis |
| topic | Accounting irregularities Bankruptcy procedures Materiality |
| url | https://revistas.um.es/rcsar/article/view/577941 |
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