Financial statement fraud is typically committed by:
A)Employees with access to company assets
B)Top management
C)Customers
D)Vendors

Question

Quizplus · Accepted Answer

Financial statement fraud is usually committed by top management who have access to high-level financial information and have the ability to manipulate it for personal gain. Employees with access to company assets may commit other types of fraud, such as asset misappropriation, but are less likely to commit financial statement fraud. Customers and vendors are generally not involved in financial statement fraud.

Financial Statement Fraud Is Typically Committed By