Who is most often involved in perpetrating fraudulent financial reporting?

Question

Quizplus · Accepted Answer

The chief executive and chief financial officer are most often involved in perpetrating fraudulent financial reporting. This is because they have access to the financial information and have the power to manipulate it. Other individuals such as auditors and attorneys are not typically involved in the fraudulent activity itself, but may be implicated for either not detecting or not reporting the fraud. Similarly, shareholders and the chief operating officer are not commonly involved in perpetrating fraudulent financial reporting.

Who Is Most Often Involved in Perpetrating Fraudulent Financial Reporting