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How do financial accounting principles affect the preponderance of fraud?

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How do financial accounting principles affect the preponderance of fraud?

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How do financial accounting principles affect the preponderance of fraud?

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Financial accounting principles (GAAP), can affect the dominance of fraud, by working either way. Let's look at it both ways. Under GAAP, to remain complaint, companies must report financial information in accordance with certain rules and regulations. If that information is not reported, because the company is attempting to conceal or commit fraud, it is more noticeable to regulatory bodies (like the SEC in a publicly held corporation), that the information has not been reported. ...

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