Financial statement fraud consists of:
A) Recognizing revenues not yet earned
B) Inappropriate entries to reserve accounts
C) Capitalizing expenses when inappropriate
D) All of the above

Question

Financial statement fraud consists of: 
A) Recognizing revenues not yet earned
B) Inappropriate entries to reserve accounts
C) Capitalizing expenses when inappropriate
D) All of the above

Quizplus · Accepted Answer

Financial statement fraud can involve recognizing revenues that have not yet been earned, making inappropriate entries to reserve accounts, and capitalizing expenses that should not be capitalized. Therefore, all of the above options are correct.

Financial Statement Fraud Consists Of