Answered: Give some examples of rationalizations…

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Accounting

Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using them?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 2Q: What is an example of rationalization as one of the three elements causing a person to commit fraud?

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

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