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TOPIC 5: FINANCIAL STATEMENT FRAUD - Coggle Diagram
TOPIC 5: FINANCIAL STATEMENT FRAUD
PART 2
How FS fraud is committed by manipulating revenue-related accounts
How FS fraud is committed by manipulating inventory-related accounts
PART 1
Why FS fraud occur?
The fraud triangle
Perfect fraud storm
Nature of FS fraud
Intentional deceit;
attempted concealment;
possible collusion;
red flags/symptoms can be observed
How does FS fraud occur?
How is FS fraud concealed?
What is the framework to detect FS frad?
Strategic reasoning
Why FS important? (
https://www.accountancyage.com/2019/03/20/a-summary-of-the-cases-of-financial-scandals-of-2018/)[Link
Title](
https://corporatefinanceinstitute.com/resources/knowledge/other/top-accounting-scandals/
)
FS is a critical element in corporation and capital market
users of FS
What is FS fraud
The impact of FS fraud
Exposure to FS fraud
Fraud exposure rectangle
PART 3
How FS fraud is committed by manipulating other accounts:
assets;
liabilities;
other financial and non-financial disclosure
