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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 342 Weeks Ago, 6 Days Ago |
| Questions Answered: | 19234 |
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MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Does fraud still exist in financial reporting financial reporting?
A financial reporter recently suggested that over 90% of all companies prepare statements that are in accordance with Generally Accepted Accounting Principles (GAAP). If this statement is true and the assumptions are correct, why is there concern that financial statements may still contain fraudulent information? Can financial information be reported according to GAAP and still be fraudulent?
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