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.
Category: Accounting & Auditing
Previous: ← Errors of duplication
Next: Continuous audit →
More from this Section
- Privately held corporation
Privately held corporation is a corporation that has only a few stockholders and whose ... - Full-disclosure principle
The full-disclosure principle requires that companies disclose all circumstances and events ... - Temporary & Permanent accounts
Temporary accounts relate only to a given accounting period. They include all income statement ... - Linear Relationship
Linear Relationship is a mathematical phrase that describes two different connections ... - Forensic Audit
A Forensic Audit is an evaluation process of a business or individual’s accounting transactions ...