Question: In an organization who is generally responsible for the financial
In an organization, who is generally responsible for the financial statements, and how can those responsible help to deter financial statement fraud?
Answer to relevant QuestionsList five different ways in which financial statement fraud can be committed. What is the difference between fraudulent financial reporting and misappropriation of assets? What internal control activities and related test procedures can detect or deter overstated inventory? Why are computer fraud cases often more difficult to examine than traditional fraud cases? What characteristics constitute a good fraud risk assessment?
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