Below are the details of the operational risks covered within this selected sub-risk category:
Misstating of revenues or expenses by senior management
Senior managers may collude with finance and/or audit team to intentionally misstate revenues or expenses in the financial statements E.g.: -
Misstating of assets or liabilities by senior management
Senior managers may collude with finance and/or audit team to intentionally misstate assets or liabilities in the financial statements. E.g.: -