Definition

Manipulation or falsification of accounts

 By manipulation or falsification of accounts we mean to say that the accounts are prepared in such a way as to show more profits or less profit or even to show a loss when in fact there is no loss. This type of fraud is difficult to discover. It is usually committed by directors or managers with certain objects.

Share it:  Cite

More from this Section

  • Materials price variance
    Materials price variance is the difference between the actual quantity times the actual ...
  • Capital profits
    Capital profits are those profits which are not earned during the regular course of business ...
  • Partners’ capital statement
    Partners’ capital statement is the owner’s equity statement for a partnership which ...
  • Internal auditors
    Internal auditors are company employees who continuously evaluate the effectiveness of ...
  • Retailers & Wholesalers
    Merchandising companies that purchase and sell directly to consumers are called retailers.Merchandising ...