Answered: What are the ways to escape financial…

Business

Accounting

What are the ways to escape financial fraud? And why is it important to prevent it?

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter6: Professional Accounting In The Public Interest

Section: Chapter Questions

Problem 1.4EC

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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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What are the ways to escape financial fraud? And why is it important to prevent it?

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