Académique Documents
Professionnel Documents
Culture Documents
The following list includes some basic examples of warning signs of possible financial statement
issues. The list is not all-inclusive, but rather is an illustrative list of some common issues to
consider. The existence of one or more warnings sighs does not necessarily indicate a problem
with financial reporting, but the financial relationships identified should be understood. Content
was derived from Financial Shenanigans How to Detect Accounting Gimmicks & Fraud in
Financial Reports, 2nd Edition (Howard Schilit).
Warning Signs
Potential Issue
1.
Liquidity issues
2.
3.
4.
5.
6.
7.
8.
9.