Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 10, Problem 1RQ
To determine
Explain and illustrate fraudulent financial reporting.
Expert Solution & Answer
Explanation of Solution
Fraudulent financial reporting: The fraudulent financial reporting refers to the intentional or purposeful omission or misstatement of the information for deceiving the users.
The examples of fraudulent financial reporting are:
- Modifying the time of recording sales to increase the revenue;
- Recording the expenses as fixed assets for accelerating revenue.
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Chapter 10 Solutions
Auditing And Assurance Services
Ch. 10 - Prob. 1RQCh. 10 - Define misappropriation of assets and give two...Ch. 10 - Prob. 3RQCh. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
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