Assuming that each of these misstatements was intentional (fraud), state the most likely motivation of the person responsible.
The following are misstatements that might be found in the client’s year-end cash balance : 1. A check was omitted from the outstanding check list on the June 30 bank reconcilia- tion. It cleared the bank July 7. 2. Cash receipts collected on accounts receivable from July 1 to July 5 were included as June […]