This work aims to achieve a goal that would bring closer to the harsh reality of today in the context of exploitation, fraud and the force of opportunities offered by technological advances in accounting, most notably in terms of manipulation and misrepresentation of the real state of a particular enterprise. The current picture of the economy is extremely distorted and chaotic, the operations of many enterprises are on shaky ground, therefore the basic and everyday tools in the decision-making process should be adequate, reliable and timely accounting information. Controls in companies are very weak or not even there are any, and in this way the possibility of many scams opens up. That is why it is very important to introduce internal controls in companies, which will constantly work on the verification system and strengthen the quality of prevention of manipulations. Besides employees, citizens and forensics, they play an important role in control, most often when the business gets out of control and the company collapses. The falsification of financial statements has been present in companies around the world for years, and the techniques used are varied, and the most famous is certainly creative accounting. Creative accounting consists of accounting practices that follow the prescribed laws and regulations, but deviate from what these standards intend to achieve, means misleading and faking. The paper will mention some of the most famous financial scandals of the last 25 years, which led to large financial losses, dismissals of many employees and insolvency or bankruptcy. What is important is that these examples are perfect evidence that manipulations in financial statements reach the top, but also fall sharply, and destroy the enterprise that has been built for years. Business results are destroyed, the image of an enterprise that has deceived the public with lies and fraud that it is successful, when in fact everything they have done, has been done outside the law and accounting standards.