Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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How is fraudulent financial reporting accomplished?
  1. Manipulation
  2. Fluke
  3. Intentional misapplication
  4. All of the above
Explanation
Answer: D - Fraudulent financial reporting is accomplished through manipulation, fluke, and intentional misapplication. Fraud can be committed by means of manipulation, fluke and intentional misapplication of the financial statements. These factors should be considered when unearthing fraudulent financial activity.
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