The research significance arose from the strong impact of creative accounting (CA) concerns as it depicts a particularly significant issue in light of companies' use techniques. It stands to illustrate the outcome of the acts, in addition to the financial state, of which through the use of creative accounting achieves the short-term and long-term objectives, albeit at the expense of other entities like the persons who invest, persons who analyze, persons who audit and other community groups. In the mentioned instances, creative accounting emerged as problematic in the face of an economic recession. This research aims to investigate creative accounting in previous studies in order to highlight the gaps in this direction by relying on a comprehensive literature review. The current study investigates and analyzes the impact of austerity, culture, and authority differences in the financial sector.