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Forensic Accounting

Category - Specialized Forensic Knowledge

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What effect does fraudulent investment schemes have on financial statements?

Overstated assets
Understated assets
Overstated liabilities
Understated liabilities

Explanation

Answer: A - Fraudulent investment schemes result in an overstatement of assets reported on the financial statements. This is another way of manipulating the financial statements.

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Forensic Accounting

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Forensic Accounting

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