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Key Takeaways
- Accounting fraud is the illegal alteration of a company's financial statements to manipulate a company's apparent health or to hide profits or losses.
www.investopedia.com/ask/answers/032715/what-…False accounting fraud involves an employee or an organisation altering, destroying or defacing any account; or presenting accounts from an individual or an organisation so they don’t reflect their true value or the financial activities of that company.www.actionfraud.police.uk/a-z-of-fraud/false-accou…Key Takeaways
- The manipulation of financial statements to commit fraud against investors or skirt regulation is a real and ongoing problem, costing billions of dollars each year.
www.investopedia.com/articles/fundamental-analys… - People also ask
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