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Unformatted text preview: Fourth, the management could understate depreciation expense to make the company appear more net income. Depreciation expense can be understated by overrating the useful life of asset. Fifth, the management could maintain obsolete assets on the balance sheet so that losses on the disposal of these assets are not record. B Management fraud may occur at the corporate governance level. There maybe one or more members of management to override internal controls and there may be collusion among management, I It could be happened when segregate of duty missing....
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This note was uploaded on 10/22/2009 for the course ACCT 70360 taught by Professor Pathak during the Spring '09 term at Windsor.
- Spring '09