One way for companies to improve their financial statements is to overstate their assets or understate their liabilities. By doing so, companies can enhance the perception of their company's value.
However, these accounting practices are often considered to be fraud. If a company is found guilty of committing this fraud, then a number of company executives and managers may be liable for damages and could face jail time.
If you or anyone you know has been charged with accounting fraud, contact the Appleton accounting fraud defense lawyers of Kohler, Hart, & Priebe 414-271-9595.