Accountants play a crucial role in identifying and addressing financial misreporting. They are responsible for reviewing and verifying the accuracy of financial statements and transactions. They use their expertise to detect any irregularities or discrepancies in the financial data. If they find any signs of financial misreporting, they are responsible for investigating further to determine the extent and nature of the issue. They then report their findings and may suggest corrective actions to address the misreporting.
Financial statements do not always tell the entire story about a company. Accounting methods and fi...
View summary