Which of the following is not a common way that financial statement fraud is perpetrated?
A) Improper revenue recognition
B) Overstating of assets
C) Understating expenses
D) Overstating liabilities

Name: Which of the following is not a common way that financial statement fraud is perpetrated? A) Improper revenue recognition B) Overstating of assets C) Understating expenses D) Overstating liabilities
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Question

Quizplus · Accepted Answer

D: Correct; overstating liabilities would result in poorer financial results for the company.

Which of the Following Is Not a Common Way That