© D.L. Crumbley
Management may also engage in financial statement fraud to obtain personal benefits of:
Increasing compensation through higher reported earnings;
Enhancing value of personal holding of company stock such as stock-based compensation;
Converting the company’s assets for personal use; and
Obtaining a promotion or maintaining the current position within the company.
Source: Zab Rezaee, Financial Statement Fraud, New York: John Wiley & Sons, 2002.