An example of a defalcation is the CFO intentionally overstating the accounts receivable and sales to boost profits.
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Q9: Management may feel pressure to maintain debt
Q11: According to professional audit standards,the audit team
Q12: It is considered fraud for an employee
Q13: Pressure perceived by management to manipulate financial
Q14: BruceCo.has accounted for the revenue of Jiffy
Q15: Consideration of fraud in financial statement audits
Q18: The most important lesson to be learned
Q19: An example of financial statement manipulation is
Q20: Once the fraud assessment is complete in
Q21: Audit tests do not relate to fraud
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