Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting or misstating amounts or information to deceive auditors, shareholders and the public. However this fraud is committed, it tends to be one of the most costly schemes for the victimized companies. Root out anomalies In general, financial statement fraud perpetrators are high-level employees, usually executives, with significant financial and accounting...

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January 04, 2018