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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 218 / 352

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© D.L. Crumbley

Five Statistically Significant Ratios

Asset Quality Index =

1- (Current Assets t + Net Fixed Assets t )

Total Assets t

1 -    (Current Assets t-1  + Net Fixed Assets t-1)

Total Assets t-1

Index for manipulators = 1.25 to 1

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Sales Growth Index : Sales t / Sales t-1

Manipulators: 60%

Non manipulators 10%

Source: M.D. Beneish, “The Detection of Earnings Manipulation,” Financial Analysts Journal, September/October, 1999. t-1 = prior year.

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