Because financial fraud is rare,investors and other users of financial statements can safely accept the numbers in financial statements at face value.

Question

Quizplus · Accepted Answer

Financial fraud is not as rare as one may think. In fact, it occurs frequently and can involve significant amounts of money. Investors and other users of financial statements should always exercise due diligence when analyzing financial statements and should not rely solely on the numbers presented at face value. It is important to perform further research and obtain a deeper understanding of the company's operations and financial health to make informed decisions.

Because Financial Fraud Is Rare,investors and Other Users of Financial