Fraudulent financial reporting in a nutshell / Noorain Omar

Omar, Noorain (2019) Fraudulent financial reporting in a nutshell / Noorain Omar. In: ACCOUNTING BULLETIN : Faculty of Accountancy UiTM Kedah 2019. Faculty of Accountancy, UiTM Kedah, UiTM Cawangan Kedah, pp. 9-10. ISBN 2637-0646


Fraudulent financial reporting can be defined as the intentional misrepresentation of a firm’s financial statements with the aim to give investors a mistaken impression about the firm’s operating performance and profitability. From the review of previous literatures, among the earliest definition of fraudulent financial reporting was defined by Elliot and Willingham (1980). According to them, fraudulent financial reporting is a deliberate fraud committed by management that injures investors and creditors through misleading financial statement. Approximately thirty decades later, Association of Certified Fraud Examiners (ACFE) (2008) described fraudulent financial reporting as “the intentional misstatement or omission of material information from the organization’s financial reports whereby fraudulent financial reporting cases often involve the reporting of fictitious revenues or the concealment of expenses or liabilities in order to make an organization appear more profitable than it really is. (p. 10)


Item Type: Book Section
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Omar, Noorain
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Balance sheets. Financial statements. Including corporation reports. Financial reporting. Financial disclosure
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Volume: 2
Page Range: pp. 9-10
Keywords: financial statements, for instance, overstating assets, sales and profit, or understating
Date: 2019
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