Why might senior management overstate or understate business performance?

Chapter 5 – Review Questions 5-1, 5-3, 5-4, 5-5
Chapter 7 – Review Questions 7-1, 7-2, 7-4
Chapter 8 – Review Questions 8-2, 8-4, 8-5

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REVIEW QUESTIONS

1. Why might senior management overstate or understate business performance?

2. What are some of the ways in which financial statement fraud is committed?
3. What are the five classifications of financial statement fraud?