Advertisements
Advertisements
Question
This fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality.
Options
Credit card fraud
false accounting fraud
insurance fraud
intellectual property fraud
Solution
false accounting fraud
Explanation:
A false accounting fraud occurs when assets of a company are overstated or its liabilities are understated in order to make it appear financially stronger than what it is in reality. An organisation or its employee may alter, destroy or deface any account. Due to false accounting, the financial statements of the firm do not reflect a true and fair picture of its financial health.
APPEARS IN
RELATED QUESTIONS
Write a short note on Intellectual Property Fraud.
Write a short note on:
Internet and Cyber fraud
Write a short note on False Accounting Fraud.
Faking accidents, faking death, concealing information for health care are examples of ______ fraud.
This type of fraud involves a computer and a network.
What is false accounting?
Explain in brief Credit Card Fraud?
What do you mean by Internet and Cyber Fraud?
What steps can be taken against financial accounting fraud?
What steps can be taken to protect against Intellectual property Fraud?
