Which of the following is an example of fraudulent financial reporting?
A) management's practice of making unrealistic forecasts to analysts
B) misappropriation of assets
C) both A and B
D) none of the above

Question

Quizplus · Accepted Answer

Fraudulent financial reporting involves intentional misstatements or omissions of amounts or disclosures in financial statements to deceive financial statement users, which includes practices like making unrealistic forecasts to analysts. Misappropriation of assets, while a form of fraud, is not considered fraudulent financial reporting.

Which of the Following Is an Example of Fraudulent Financial