Global Journal of Management and Business Research, D: Accounting and Auditing, Volume 22 Issue 2

activity practiced and its exit from the market, And that's what we're going to try to see in economic institutions in this study. financial confusion and renders it temporarily or permanently unable to fulfill its obligations towards others ". i) Types of corporate risk Many classifications confront us in classifying financial risks to companies. They can be divided into internal risk and external risk, they can be divided into regular risk and irregular risk, and public risk and personal risk, and we will rely on classifying financial risk into company-related risk. Risks related to the company include: Credit Risk (Pagach and war, 2010 ): Risks arising as a result of the borrower's failure to comply with one of the terms of the contract credit risk is one of the most critical risks currently facing enterprises. While there are other risks, many previous studies and research have confirmed that most of the crises experienced by enterprises in different countries worldwide have been the most significant causes of credit deficits and their inability to pay benefits on time. Operating Risks (Abu Salah, 2018): The combination of fixed cost formation and variable costs results in the company's financial structure, affecting cash flows. The more significant the fixed cost than variable costs, the weaker the company's ability to control operational costs when sales changes occur and the combination of fixed and variable costs depends heavily on the type of project. Market Risk (Bessis , 2015): These are losses resulting from adverse market movements that weaken the value of positions held by market actors. The fluctuating market factors are randomly called "risk factors," which include all interest rates, stock indices, and foreign exchange rates. Market risk is divided into: 1. Interest rate risk. 2. Risk of exchange rate fluctuations. Liquidity Risk (CPA, 2010) 3. Liquidity risk is the bulk of market risk faced by businesses when they do not have sufficient funds to meet financial liabilities on time. Liquidity risk includes short-term and long-term risks. All companies need to manage liquidity risk that remains safe from bankruptcy. This section presents the most important Arab and foreign studies that have been subjected to the role of using creative accounting to reduce the risks of financial companies. The studies have been compiled according to their language. They have been classified into Arabic studies and foreign studies. The chronology from the oldest to the latest has been followed to present the temporal development of this area. “Empirical Evidence of Romanian, Auditor’s Behavior Regarding Creative Accounting Practices” This study aimed to identify the financial auditors' perception of the existence and forms of creative accounting in companies. To achieve the study objective, descriptive statistics were used, and research proposals that indicate auditors' perception of users' interests and the existence and repetition of creative accounting practices were tested. The most important findings of the study focus on identifying auditors' perception of users' concerns and the existence and repetition of creative accounting practices, as well as the primary innovative accounting practices identified by auditors in their professional experience. It was also noted that the most innovative accounting practices encountered are the assessment and approval of risk allocations, the consumption, and consumption of assets, the re-evaluation of tangible assets, and the inventory valuation. The study recommended that the additional empirical evidence of Romanian auditors' behavior regarding creative accounting practices should be investigated and explored. Entitled; (Ismael, 2017) Study: “The Impact of Creative Accounting Techniques on the Reliability of Financial Reporting with Particular Reference to Saudi Auditors and Academic” This study aims to highlight the impact of creative accounting ethics techniques on the reliability of financial reports from the viewpoint of auditors and academics. To achieve the study's objective the data was collected through a well-structured questionnaire and will be distributed to a randomly selected sample of certified auditors and accounting teachers at some universities, Descriptive and evidentiary statistics were used to disseminate the results and update the results. The most important findings of the study are that the creative accounting techniques used by management negatively affect the reliability of financial reports, and the legal auditor plays a vital role in promoting the practice of creative accounting in a way that positively impacts the reliability of financial statementes. The study recommended that active corporate governance principles should be used to control creative accounting practices using independent non- executive managers. Entitled; (2017 ، Ndebugri, Haroon & others) Study: “Analyzing the critical effects of creative accounting practices in the corporate sector of Ghana.” 86 Global Journal of Management and Business Research Volume XXII Issue II Version I Year 2022 ( )D © 2022 Global Journals Research in Role of Creative Accounting Practices to Reduce Financial Risks in Jordanian Commercial Companies This study aims to examine and adopt creative accounting methods in financial reporting structures in Ghana's corporate sector and their implications for the financial system.