10/30/17
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
13
Made with FlippingBook flipbook maker