Many opportunities exist for managers to intentionally prepare misleading ﬁnancial reports.

Question

Quizplus · Accepted Answer

Unfortunately, it is true that managers can intentionally prepare misleading financial reports in order to deceive stakeholders or meet certain goals. This can include manipulating numbers, hiding losses, or misrepresenting transactions. However, it is important for companies to have internal controls and independent audits to ensure the accuracy and reliability of their financial reporting.

Many Opportunities Exist for Managers to Intentionally Prepare Misleading ﬁNancial