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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

When financial reporting fraud is committed, what is generally the target of the “help”?

Summary Introduction

To explain: The meaning of “help” in the financial reporting fraud.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The meaning of “help” in the financial reporting fraud:

The “help” in the financial reporting fraud is actually done to help the organization and not for the benefit of any other perpetrators. The financial reporting fraud is frequently committed to helping the organization...

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