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.

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

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

  • Fraudulent Financial Reporting: Fraudulent financial reporting involves intentional misstatements including omissions of amounts or disclosures in financial statements to deceive financial statement users.

  • Report of the National Commission on Fraudulent Financial Reporting.

  • The effect of Financial Ratios on Fraudulent Financial Reporting during the Covid-19 PandemicTyas Widyanti, Universitas Trisakti, Indonesia; Nurhastuty Kesumo Wardhani, Universitas Trisakti, Indonesia 132.

  • For instance, the American Institute of Certified Public Accountants (AICPA), the American Accounting Association (AAA), the Accounting Education Change Commission (AECC), and the National Commission on Fraudulent Financial Reporting (NCFFR) have all called for increased ethics coverage in the classroom.

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 any bidder, and includes collusive practice among bidders (prior to or after bid submission) designed to establish bid prices at artificial non-competitive levels and to deprive the bidder 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 a person who is

  • 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 immediate_parent_undert aking_identifier";"ultimate_parent_undertaking_identif ier" Alpha-numeric Semicolon-separated string of all column names. Field names are put in double quotation marks. 1 reporting_agent_identifier Variable characters (50) 50 riad counterparty domain 2 counterparty_identifier Variable characters (60) 60 identifier domain 3 reporting_reference_date Date reporting reference date 4 immediate_parent_undertaking_identifier Variable characters (60) 60 identifier domain 5 ultimate_parent_undertaking_identifier Variable characters (60) 60 identifier domain 2.4.42 protection_provider_default_data.csv 1 "reporting_agent_identifier";"obsrvd_agnt_cd";"count erparty_identifier";"reporting_reference_date";"crdt_q lty_dflt_stts_ancrdt_cllctn_code";"dt_dflt_stts" Alpha-numeric Semicolon-separated string of all column names. Field names are put in double quotation marks. 1 reporting_agent_identifier Variable characters (50) 50 riad counterparty domain 2 obsrvd_agnt_cd Variable characters (50) 50 riad counterparty domain 3 counterparty_identifier Variable characters (60) 60 identifier domain 4 reporting_reference_date Date reporting reference date 5 crdt_qlty_dflt_stts_ancrdt_cllctn_code Variable multibyte (255) 255 code 6 dt_dflt_stts Date date with exclusions

  • 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 means the accounting standards and interpretations adopted 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 or firm licensed or certified to engage actively in a regulated health profession.

  • Accounting Policies means those specific accounting policies set out in Schedule 2.6(1).

  • 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 ARNP educated in the disciplines of nursing who has advanced knowledge of nursing, physical and psychosocial assessment, appropriate interventions, and management of health care, and who possesses evidence of current certification by a national professional nursing association approved by the board.