Accounting fraud is a specific form of fraud which involves falsifying accounting records for financial gain. To commit accounting fraud, an individual must not only be involved in the scheme but must also be aware of its fraudulent nature. However, accusations that the individual should have been aware of the scheme may be enough to obtain a conviction, even if there is no explicit evidence that the individual knew what was transpiring.
If you or someone you know have been accused of accounting fraud, it is important to obtain an experienced defense as soon as possible. Contact the West Palm Beach fraud defense attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800 today to discuss your case and learn more about what you can do to protect yourself from these damaging accusations.
Types of Accounting Fraud
Due to the complex nature of corporate accounting, fraud can occur in a multitude of circumstances. However, some of the most common practices which can be prosecuted as accounting fraud include:
- Recognizing revenue in the wrong period or if it never existed
- Round tripping
- Channel stuffing
- Making false statements to regulators
- Keeping multiple books
- Adjusting sales figures
Unfortunately, individuals may be involved in these activities without being aware of their fraudulent nature. For this reason, it is important that those accused of accounting fraud have an accomplished legal advocate by their side to protect their rights and freedoms.
Being accused of accounting fraud is a frightening prospect. Fortunately, you are not alone. Contact the West Palm Beach fraud lawyers of Eric N. Klein & Associates, P.A., at 561-353-2800 to begin formulating your defense.