Question: Explain the basis of presentation of a personal balance sheet
Explain the basis of presentation of a personal balance sheet and how it differs from GAAP.
Answer to relevant QuestionsIdentify and discuss five key aspects of financial crimes.Identify the FBI’s eight major categories of white-collar crime. Provide one example of each.Compare and contrast high and low self control. How do these conditions impact a person’s propensity to commit fraud?Visit the FBI’s web site and review a posting entitled 2009 Financial Crimes Report. Read the Forensic Accountant Program section and prepare a memo to your instructor summarizing your findings.How does the fraud triangle contribute to a forensic accountant’s understanding of why people commit fraud?
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