The purposeful intervention in the external financial reporting process,with a view to obtaining private gain for shareholders or managers has been referred to as:
A)financial statement fraud
B)financial reporting management
C)earnings management
D)none of the above

Question

Quizplus · Accepted Answer

Earnings management is the purposeful intervention in the external financial reporting process, with a view to obtaining private gain for shareholders or managers. Financial statement fraud and financial reporting management are related terms but not quite the same as earnings management.

The Purposeful Intervention in the External Financial Reporting Process,with a View