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Continuing on financial statement fraud. How does this affect the corporation, employees, investors, related parties, and consumers.

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Accounting

Continuing on financial statement fraud. How does this affectthe corporation, employees, investors, related parties, andconsumers.

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What is Financial statement fraud It is a calculated alteration of company financial statement in order to provide a misleading information to its users such as employees investors and management and create a favourable picture of the companys financial positionperformance and cash flows Manipulation of financial statement is accomplished by manipulation of expenses improper revenue recognition Effect of financial    See Answer
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