Management fraud generally refers to:
A)unintentional mistakes.
B)noncompliance.
C)intentional distortions of financial statements.
D)violations of GAAS.

Question

Quizplus · Accepted Answer

Management fraud refers to intentional distortions of financial statements by the management with the intention to deceive investors, creditors or other stakeholders. It involves deliberate misrepresentation, omission or manipulation of financial information in order to create a false impression about the financial health of a company.

Management Fraud Generally Refers To