One writer recently noted that 99.4 percent of all companies prepare statements that are in accordance with

Question:

One writer recently noted that 99.4 percent of all companies
prepare statements that are in accordance with
GAAP. Why then is there such concern about fraudulent
financial reporting?

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Intermediate Accounting

ISBN: 9780471448969

11th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jul 18, 2024 10:10 AM

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One writer recently noted that 99.4 percent of all companies prepare statements that are in accordance with GAAP . Why then is there such concern about fraudulent financial reporting?
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One writer recently noted that 99.4 percent of all companies prepare statements that are in accordance with

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Intermediate Accounting

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