I don't think you understand the complexity of this type of finance or the sophistication that's possible while committing fraud. These things are not necessarily simple to detect.
" Corporate attorneys generally review all the company’s financial information from the last five years, including income statements, balance sheets, cash flow and audit reports. Other financial documents that may be reviewed include projections, budgets and forecasts for the financials of the next five years and assess whether they are reasonable. Finally, corporate attorneys generally review all credit agreements, debts and contingent liabilities. "
https://www.priorilegal.com/deals/mergers-acquisitions/manda...