What Are the Three Main Types of Revenue Manipulations Employed

question 31

Essay

What are the three main types of revenue manipulations employed to commit fraudulent financial reporting and give an example for each type?

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Definitions:

Ketone Bodies

Compounds, including acetone, acetoacetic acid, and beta-hydroxybutyric acid, that are produced as by-products when fatty acids are broken down for energy in the liver and kidney.

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys and stored in the bladder until elimination.

Fatty Acids

Long chains of hydrocarbon molecules that are important components of lipids in the body, serving as a major source of energy and playing roles in cell membrane structure.

Amino Acids

Fundamental components of proteins that include a basic amino group, an acidic carboxyl group, and a distinct side chain.