Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman

Exercise 17

Thomas is the CEO of a business that just went public. He is feeling intense pressure for the business to succeed because all of his relatives have invested heavily in his company. Since going public, sales have been flat, and Thomas is worried about not meeting analysts' and even relatives' expectations. Which financial statement accounts might Thomas attempt to manipulate in order to meet analysts' projected earnings