The welcome message of this course stated that, “students should be aware of the many grey areas and decisions which go into the financial reporting process,” many of which are not illegal. Describe an area of the course where management influence and manipulation can take place in the financial statements, given the multiple accounting treatments possible. Review some of the suggestions made by others and describe how you would mitigate or prevent the earnings manipulation in an oversight role (eg., member on the Board of Directors),

The welcome message of this course stated that, “students should be aware of the many grey areas and decisions which go into the financial reporting process,” many of which are not illegal. Describe an area of the course where management influence and manipulation can take place in the financial statements, given the multiple accounting treatments possible. Review some of the suggestions made by others and describe how you would mitigate or prevent the earnings manipulation in an oversight role (eg., member on the Board of Directors),

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter4: Ethical Responsibilities Of Accountants

Section4.8: Dell Inc.

Problem 1Q

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