ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book examined fraud in regard to published financial statements of a business entity's economic wherewithal. It explores and analyses various but fundamental elements of business that form an inherent and important part of financial accounting reports. Fraud in financial statements is an act of deliberate deceit that results in a misleading representation, material misstatement or intended exclusion in a business entity's financial accounts. On the subject of quality in reported financials, it is important that debate continues particularly as the monetary cost of fraud escalates worldwide, and confidence in capital markets is diminished, even briefly. A major contribution of this work to the fight against fraudulent activities in business and Fraud in financial (FSF) in particular has regard for phoenix activity and that which may be deemed to be illegal phoenix activity.
