5/9/18
Cooking the Books – Why Do It? • Conceal Asset Theft (Cash, Inventory, Equipment, etc.) • Management Company or Investor Fee Calculations • Obtain Financing, Attract Buyers / Investors, etc. • Structure of Executive Bonuses and/or Evaluation? • Compliance with Loan Covenants • Compliance with Regulatory Requirements (RAP, etc.) • Increase Per Capita Allowances • Conceal Budget Variances
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