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Title: When dealing with fraudulent financial reporting risk for accounts payable, Post by: ticktrader on Jul 24, 2022 When dealing with fraudulent financial reporting risk for accounts payable,
▸ companies will generally tend to overstate accounts payable. ▸ it is difficult for the auditor to verify if all liabilities have been recorded if prenumbered receiving reports are used. ▸ companies have used fictitious reductions to accounts payable to overstate net income. ▸ accounts payable is rarely a significant risk area for fraudulent financial reporting. Title: When dealing with fraudulent financial reporting risk for accounts payable, Post by: cskeen80 on Jul 24, 2022 Content hidden
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