Accounting Fraud
/ˈæk.aʊn.tɪŋ frɔːd/
Definitions
- (n.) The intentional manipulation or falsification of financial statements or accounting records to mislead stakeholders or conceal the true financial condition of an entity.
The company was charged with accounting fraud after inflating its earnings to attract investors.
Forms
- accounting fraud
Related terms
See also
Commentary
Accounting fraud often involves complex schemes and requires thorough forensic analysis; precise terminology is crucial for drafting indictments and compliance policies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.