What are fraudulent financial reports and why do they exist?
FRAUD MANAGEMENT

What are fraudulent financial reports and why do they exist?

Fraudulent financial reporting is a deliberate misstatement or omission of financial accounting information intended to deceive the investors. The reasons for fraudulent financial reporting includes (a) pressures from owners, creditors and the markets in general; (b) opportunities for fraud (due to lack of emphasis on business ethics),  (c) incentives and personal conflicts of interests. Measures…