Читать книгу Non-financial Risk Management in the Financial Industry - Группа авторов - Страница 47

Balance sheet manipulation, also called financial statement fraud, refers to the manipulation of an organisation’s financial statements. According to the ACFE, it usually involves overstating assets, revenues and profits as well as understating liabilities, expenses and losses. The most common schemes include fictitious revenues, timing differences, improper asset valuations, concealed liabilities and expenses, and improper disclosures.[70]