Although There Is No Direct Benefit, in Terms of Cash

question 13

True/False

Although there is no direct benefit, in terms of cash received, when a fraudster engages in earnings management, it is still unethical because it results in the falsification of the company's financial statements.

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Definitions:

Positive Impact

Effects or outcomes that result in beneficial changes or improvements, often relating to social, environmental, or economic factors.

Stakeholders

Individuals, groups, or organizations that have an interest or concern in a business or project and can be affected by its outcomes.

Ownership

The state or fact of exclusive rights and control over property, which can be an object, land/property, intellectual property, or business.

Organization Activities

Actions or engagements undertaken by a company or organization to accomplish its goals and mission.