👉 Depauperation is a concept in accounting, particularly related to financial reporting. It refers to the understatement or overstatement of expenses and income by an organization due to factors such as mismanagement, fraud, or intentional concealment. This phenomenon can result in inflated profits or losses, leading to the perception that the organization has more wealth than it actually possesses. Depauperation is a key concept in auditing and financial reporting because it highlights the importance of maintaining accurate records and minimizing the potential for
