Stretigies in auditing cheating occurred on balance sheet of listed company—Identification of cheating occurred in balance sheet characterized by fictitious transactions
Xiaohong Hou · Journal of Changchun University · 2007
Cheating in financial statements of listed companies has a measurable impact on negotiable securities market and CPA business.It mainly comes from the top management team,and characterized by fictitious transaction volume.The purpose of such act is to show the listed company has made considerable profit.That is one of the reasons causing CPA auditing failure.Based on a comprehensive research on this issue,the article provides some identification methods and strategies on such cheating.