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

  • Variance
    Variance is the difference between total actual costs and total standard costs. The variance ...
  • Subsidiary ledger
    A subsidiary ledger that collects transaction data of individual creditors. Companies ...
  • Current liability
    A current liability is a debt that a company can reasonably expect to pay (1) from existing ...
  • Total overhead variance
    Total overhead variance refers to the difference between actual overhead costs and overhead ...
  • Cost & Cost principle
    Cost consists of all expenditures necessary to acquire the asset and make it ready for ...