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Open Access Article
1 - Designing Prediction Model of Financial Restatements Using Neural-Genetic Simulation Algorithm
Sasan Mehrani Akbar Rahimi poorThe increased number of restatements in recent years has increased the wor-ries about the quality of financial reporting among the beneficiary groups. The pres-ence of prior period adjustments and, subsequently, the financial restatements have a negative impact on the r MoreThe increased number of restatements in recent years has increased the wor-ries about the quality of financial reporting among the beneficiary groups. The pres-ence of prior period adjustments and, subsequently, the financial restatements have a negative impact on the relatedness and reliability of the financial state-ments. The present study is aimed to present an appropriate criterion for predict-ing the financial restatements based on the Beneish model and its indices in companies admitted to the Tehran Stock & Exchange between 2009 and 2020. For this purpose, a total of 265 companies were selected considering the limitations. Also, the model estimation was per-formed using Beneish's primary model, a meta-heuristic neural network model, and optimization through genetic programming. As indicated by the obtained results based on the confusion matrix, the efficiency of the pro-posed model derived from the enhanced Beneish model with a genetic algo-rithm(S – 𝑆𝑐𝑜𝑟𝑒) had a total prediction accuracy of 73.21%, which was the highest prediction power compared to the Beneish Model . Manuscript profile
List of Articles ساسان مهرانی
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