Fraudulent Financial Reporting definition

Fraudulent Financial Reporting means an intentional act in financial reporting that is designed to
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Fraudulent Financial Reporting means an intentional act in financial reporting that is designed to deceive users of financial reports and that may result in a material omission from or misstatement of financial reports.
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Examples of Fraudulent Financial Reporting in a sentence

  • In 1987 The National Commission on Fraudulent Financial Reporting (popularly known as the Treadway Commission) reported on how fraudulent financial management could be reduced and how auditors could reduce the “expectations gap” between themselves and the public (Mousselli, 2005).

  • The Commission’s Report (Report of the National Commission on Fraudulent Financial Reporting – National Commission on Fraudulent Financial Reporting, 1987) emphasized the importance of the control environment, codes of ethics, competent and involved audit committees and an active and objective internal audit function.

  • Assessing The Likelihood Of Fraudulent Financial Reporting, in Journal of Business & Economics Research – February, Volume 7, Number 2.

  • The National Commission on Fraudulent Financial Reporting, known as the Treadway Commission, was created in 1985 by the joint sponsorship of different accounting professional organizations.

  • According to the National Commission on Fraudulent Financial Reporting, ACs create a platform where directors, management, and auditors can coordinate issues pertaining to risk management and financial reporting (as cited in Turley & Zaman, 2004).

  • The Committee of Sponsoring Organizations (COSO), was commissioned in the 1980‘s by National Commission on Fraudulent Financial Reporting (the Treadway Commission) to identify factors that caused fraudulent corporate financial reports and make recommendations, and has since developed to become a thought leader in enterprise risk management (ERM), internal control, and fraud deterrence (Amudo & Inanga, 2009).

  • Heisman- Hoffman et al., The Warning Signs of Fraudulent Financial Reporting, 182 J.

  • Fraudulent Financial Reporting: Consideration of Industry Traits and Corporate Governance Mechanisms.

  • This result is in line with research conducted by (Agusputri & Sofie, 2019) which states that there is no effect of CEO number image frequency on Fraudulent Financial Reporting, this aims for companies to introduce leaders in the company.

  • The National Commission on Fraudulent Financial Reporting (AICPA 1987, 29) states that young public firms may face greater pressure to dress up firm appearance and thus have higher likelihood of engaging in fraud.

Related to Fraudulent Financial Reporting

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • fraudulent practice means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of the Procuring Entity, and includes collusive practices among Bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the Procuring Entity of the benefits of free and open competition.

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • Fraudulent Transfer Laws has the meaning set forth in Section 2.2.

  • Dishonest or Fraudulent Act means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.

  • Respiratory care practitioner means an individual who practices respiratory care.

  • Rapid(ly) report(ing means within 72 hours of discovery of any cyber incident.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • reporting_reference_date otstnd ng_nmnl_amnt";"bwdpt_amnt";"periodic_repayment_ due";"periodic_interest_payment_due";"next_intrst_rt _reset_dt";"cumulative_repayments";"cumulative_pre payments";"annlsd_agrd_rt";"accrued_interest";"exit_ status";"dflt_stts";"securitized_instrument_indicator";" past_due_instrument_indicator" Alpha-numeric Semicolon-separated string of all column names. Field names are put in double quotation marks. 1 reporting_agent_identifier Variable characters (60) 60 identifier domain 2 obsrvd_agnt_cd Variable characters (60) 60 identifier domain 3 cntrct_id Variable characters (60) 60 identifier domain 4 instrmnt_id Variable characters (60) 60 identifier domain 5 reporting_reference_date Date reporting reference date 6 otstndng_nmnl_amnt Decimal (12,0) 12 euro amount (non-negative) with unknown 7 bwdpt_amnt Decimal (12,0) 12 euro amount (non-negative) with exclusions 8 periodic_repayment_due Decimal (12,0) 12 euro amount (non-negative) with unknown 9 periodic_interest_payment_due Decimal (12,0) 12 euro amount (non-negative) with unknown 10 next_intrst_rt_reset_dt Date date with exclusions 11 cumulative_repayments Decimal (12,0) 12 euro amount (non-negative) with unknown 12 cumulative_prepayments Decimal (12,0) 12 euro amount (non-negative) with unknown 13 annlsd_agrd_rt Decimal (12,0) 12 real number (positive or negative) with exclusions 14 accrued_interest Decimal (12,0) 12 euro amount (positive and negative) with unknown 15 exit_status Variable multibyte (255) 255 code 16 dflt_stts Variable multibyte (255) 255 code 17 securitized_instrument_indicator Variable characters (50) 50 securitisation indicator 18 past_due_instrument_indicator Variable characters (50) 50 past due instrument indicator 2.3.22 household.csv‌

  • Violent crime means a forcible felony, as defined in Iowa Code section 702.11, and includes any other felony or aggravated misdemeanor which involved the actual or threatened infliction of physical or emotional injury on one or more persons.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Day reporting means a program of enhanced supervision

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • Financial Regulations means regulations made under section 21 of the Act;

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Health care practitioner means an individual licensed

  • Accounting Policies means the accounting policies and procedures set out in Part C of Schedule 4 (Accounting Policies);

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Securities Transfer Act means the Securities Transfer Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act.

  • Certified nurse practitioner means an individual who is licensed as a registered professional nurse under part 172 who has been granted a specialty certification as a nurse practitioner by the Michigan board of nursing under section 17210.