Fraudulent financial reporting is a type of fraud perpetrated by management through exploitation of its authority.

Question

Quizplus · Accepted Answer

Fraudulent financial reporting involves intentional misrepresentation or omission of financial information by management in order to deceive stakeholders. This type of fraud is perpetrated by those in positions of authority and trust within the organization, often for personal gain or to meet financial targets.

Fraudulent Financial Reporting Is a Type of Fraud Perpetrated by Management