How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis

How are accounting irregularities examined in Spanish insolvency proceedings? An empirical analysis

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In this paper we have conducted an empirical analysis of the Bar Height Dining Table 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 tuner signal wire irregularities in judicial demarcations.