Most cases of fraudulent financial reporting involve:
A) overstatement of assets.
B) omission of expenses.
C) omission of liabilities.
D) all of the above

Question

Quizplus · Accepted Answer

Most cases of fraudulent financial reporting can involve any or all of the listed options. Overstating assets can make a company seem more profitable than it really is, while omitting expenses or liabilities can make it appear as though the company is performing better financially than it actually is. All of these tactics are used to manipulate financial statements for personal gain, and they are all types of fraudulent financial reporting.

Most Cases of Fraudulent Financial Reporting Involve