Ask Question
BusinessBusiness
29 May, 22:46

The type of fraud committed by company managers who make false and misleading entries in the books, making the financial results of the company appear better than they actually are, is called:

+2
Answers (1)
  1. 30 May, 02:29
    0
    Fraudulent Financial reporting

    Explanation:

    Fraudulent financial reporting is practiced by managers to present financial position of the firm in a better way. Managers manipulate the figures in profit or loss or balance sheet to make the statements appear good with an intention to deceive investors.

    This could be done by managers under pressure from upper management or for personal benefits. It can be avoided by getting external auditors to audit the statements.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The type of fraud committed by company managers who make false and misleading entries in the books, making the financial results of the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
O'Connor Company ordered a machine on January 1 at a purchase price of $120,000. On the date of delivery January 2, the company paid $30,000 on the machine and signed a long term note payable for the balance On January 3, it paid $1,200 for freight
Answers (1)
Which of the following is part of the cost of goods or services sold for a company that paints people's homes? A. Paint B. Flyers to promote the company C. A van to travel to people's homes D. Fuel for the van
Answers (2)
A U. S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U. S. construction company.
Answers (1)
Doggie Pals produces 100,000 dog collars each month that give off a fresh scent to keep your dog smelling clean between baths. Total manufacturing costs are $200,000. Of this amount, $150,000 are variable costs.
Answers (1)
Honda Motor Company is considering offering a $ 2 comma 000$2,000 rebate on its minivan, lowering the vehicle's price from $ 30 comma 000$30,000 to $ 28 comma 000$28,000.
Answers (1)
New Questions in Business
You should not pursue a career in an industry that has experienced even a small decline in employment growth. True False
Answers (1)
Header Motor, Inc., paid a $3.91 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a 16 percent rate of return? The value of the common stock is $ nothing.
Answers (1)
Beerbo Corporation purchased Mitter Lite Company three years ago. As a result of the acquisition, Beerbo recorded goodwill of $400,000 at that time and created the Mitter Lite Division (MLD).
Answers (1)
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and type B coffee costs $5.90 per pound. This month, Ashley made 142 pounds of the blend, for a total cost of $749.80.
Answers (1)
Describe a decision you made that wasn't popular and how you handled implementing it for entry level
Answers (1)
Home » Business » The type of fraud committed by company managers who make false and misleading entries in the books, making the financial results of the company appear better than they actually are, is called:
Sign Up Forgot Password?