Fraud Examination 5th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht, Mark Zimbelman

Exercise 64

Financial statements are the end product of the accounting cycle and are used by investors to make informed decisions. They can be analyzed to help determine if there are any fraudulent activities in the company. As you know, the balance sheet, income statement, and statement of cash flows are the three primary financial statements. List and briefly describe some of the ways these three financial statements can help detect fraud.