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Funding a business
Can Falsification of Records really Affect company?
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[QUOTE="Yusra3, post: 341869, member: 31907"] Distortion of financial records is serious risk to the company, the practices must be stopped for the sake of organization. It chisels out the credibility with shareholders, creditors, and the regulatory committee which might lead to legal charges, fines, and even criminal suits. Wrong books not only bring inaccuracy to decision-making, they also affect performance metrics, and falsehood misleads. They also enable fraud. The workers might be laid off but in extreme cases a company director could face many years in jail. Failure to disclose deficiencies not only destroys the organization's reputation, market value, and chances for the future but also affects the company's ability to do business with many of its partners. Being highly concerned about accounting compliance and transparency is imperative for operational sustainability. [/QUOTE]
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Can Falsification of Records really Affect company?
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