Fraudulent financial reporting:
I. Is an example of unethical behavior
II. Eventually is likely to decrease organizational market value
III. Decreases the value of the accounting profession
A) I only
B) II only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Fraudulent financial reporting is not only unethical, but it also has the potential to decrease an organization's market value and damage the reputation of the accounting profession. Therefore, all three statements are accurate.

Fraudulent Financial Reporting: I. Is an Example of Unethical Behavior