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Changing the aging account receivable to a fixed rate at the end of the fiscal year looks good for the shareholders, but what do you think it says to the auditors? Would the change in policy be flagged by the auditors?

Changing the aging account receivable to a fixed rate at the end of the fiscal year looks good for the shareholders, but what do you think it says to the auditors? Would the change in policy be flagged by the auditors?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Changing the aging account receivable to a fixed rate at the end of the fiscal year looks good for the shareholders, but what do you think it says to the auditors? Would the change in policy be flagged by the auditors?
Transcribed Image Text:Changing the aging account receivable to a fixed rate at the end of the fiscal year looks good for the shareholders, but what do you think it says to the auditors? Would the change in policy be flagged by the auditors?
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