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Discuss a brief background on the financial statement fraud. Explain the five cl
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Discuss a brief background on the financial statement fraud.
Explain the five classifications of financial statement fraud and which category your chosen fraud might fit into (Fictitious Revenues, Timing Differences, Concealed Liabilities and Expenses, Improper Disclosures, and Improper Asset Valuation).
Why might senior management overstate or understate business performance?
How can financial statement fraud be deterred? Discuss at least three internal controls that could be in place to prevent financial statement fraud.
Discuss the potential impact of the fraud you selected on the various stakeholders of the company.
View the PowerPoint “Forensic Accounting Online Investigative Tools” as a resource for the assignment.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
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