Although most cases of fraudulent financial reporting involve overstatement of assets and income or omission of liabilities and expenses in an attempt to overstate income, it is important to note that companies often deliberately understate income.Describe why an entity might take this course of action and how it would go about achieving its aim.

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The Answer of Although most cases of fraudulent financial reporting involve overstatement of assets and income or omission of liabilities and expenses in an attempt to overstate income, it is important to note that companies often deliberately understate income.Describe why an entity might take this course of action and how it would go about achieving its aim.

Although Most Cases of Fraudulent Financial Reporting Involve Overstatement of Assets