Open AccessPotential Indicators Of Balance Sheet And Income Statement Fraud
Author(s) -
Jeff Decker,
Tim Kizirian
Publication year - 2017
Publication title -
journal of business case studies
Language(s) - English
Resource type - Journals
eISSN - 2157-8826
pISSN - 1555-3353
DOI - 10.19030/jbcs.v13i4.10032
Subject(s) - accounting , income statement , audit , balance sheet , revenue , business , earnings , quality (philosophy) , balance (ability) , psychology , epistemology , philosophy , neuroscience
This student case study is intended for use in the accounting classroom to develop a stronger understanding of potential fraud indicators and their level of significance. Auditing standard setters have responded to high profile accounting frauds by increasing the responsibility of auditors to find and report on accounting frauds. This case study presents a number of fraud indicators that can be investigated and discussed as part of a class assignment. This case study is unique in that it makes a clear differentiation between quality of revenue and quality of earnings.