STATISTICAL INVESTIGATION OF FINANCIAL-ACCOUNTING AND TAX RISK EXPOSURE IN THE TERTIARY ECONOMIC SECTOR. A ROMANIAN CASE STUDY

The tertiary sector of the economy is one that has a very high risk exposure in what involves creative and fraudulent accounting techniques and fiscal optimization and fraud. In this context, the main purpose of this research is to quantify the risk exposure in terms of accounting and taxation for economic entities operating in the constructions works business sector, hotels, healthcare, accounting and financial auditing, employment agencies, vehicle repair and cleaning activities. The analysed statistical sample was composed of observations, representing economic-financial indicators reported in the annual financial statements of the economic entities included in the study, for the 2018 - 2022 time interval. The main results of the research showed that the most vulnerable business sector to accounting and tax risk is Construction works of residential and non-residential buildings, as the main sources for financing their current activity were from borrowed capital. As an overall conclusion it can be noted that the economic and financial indicators are useful in assessing and monitoring risks associated with economic activities, and can be used to construct general and temporal risk profiles. Also, the risk vulnerability of economic entities in the services sector is structurally non-uniform in relation to the economic activity analysed.