In asset fraud, assets are most often:
A) understated.
B) overstated.
C) recorded as liabilities.
D) recorded as revenues.

Question

Quizplus · Accepted Answer

In asset fraud, assets are most often overstated as a way for the perpetrator to make the company or organization appear more financially stable or profitable than it actually is. This can be achieved by inflating the value of existing assets or including fictitious assets on the company's books.

In Asset Fraud, Assets Are Most Often