Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 30

Errors and Frauds. Give an example of an error or fraud that would misstate financial statements to affect the accounts as follows, taking each case independently. ( Note: "Overstate" means the account has a higher value than would be appropriate under GAAP and "understate" means it has a lower value.)
a. Overstate one asset; understate another asset.
b. Overstate an asset; overstate stockholders' equity.
c. Overstate an asset; overstate revenue.
d. Overstate an asset; understate an expense.
e. Overstate a liability; overstate an expense.
f. Understate an asset; overstate an expense.
g. Understate a liability; understate an expense.