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Is There a Thief in Your Company?

CFO Bookshelf

CHAPTER

Do You Have a Curious About Financial Statement Fraud?

Financial statement fraud is less than ten percent of all frauds perpetrated, but it is the highest loss. If you're a business owner and you've tied compensation around those financial statement outcomes, then you do need to be more aware of this kind of scheme. There's an impetus for companies to cook the books for the bank wrigt or investors. And unfortunately, the frogsters of the world know when their bosses aren't looking, or they've figured out the loopholes.

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