MANAGEMENT

Detailed explanation-1: -Financial statement manipulation is the practice of altering a company’s financial records to present a false picture of its financial condition. The manipulation invariably consists of either inflating revenues or deflating expenses or liabilities.

Detailed explanation-2: -Forensic accounting goes further, focusing on identifying fraudulent financial transactions. The ways that forensic accountants and auditors detect and respond to incidents of accounting fraud include the following: Participating in criminal and civil investigations of suspicious financial practices.

Detailed explanation-3: -Accounting fraud is the intentional manipulation of financial statements to create a false appearance of corporate financial health.

Detailed explanation-4: -Financial statement fraud is the manipulation of the information used to prepare the financial statements released to the public and financial institutions. Manipulating these statements allows the business to portray a better but false financial picture, or to hide a disbursement of money, liabilities or assets.