Question: 1.Explain why senior management might overstate or understate business performance. 2.Identify and explain three methods financial statement fraudmay be committed. 3.Explain how fictitious revenue schemes

1.Explain why senior management might overstate or understate business performance.

2.Identify and explain three methods financial statement fraudmay be committed.

3.Explain how fictitious revenue schemes are committed.

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Senior management might overstate or understate business performance for various reasons Overstating Business Performance Incentives Senior management may have incentives tied to the companys financia... View full answer

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