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Author Question: Fraudulent financial reporting (Read 74 times)

Darron12

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on: Aug 21, 2022

Question 1

Companies may intentionally understate earnings when income is high to create ________ that may be used in future years to increase earnings.
◦ income smoothing
◦ cookie jar reserves
◦ cash
◦ sales

Question 2

Fraudulent financial reporting
◦ always involves inadequate disclosures.
◦ can be intentional or unintentional.
◦ can involve understating net income in order to reduce income taxes.
◦ All of these.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Darron12 on Aug 21, 2022

heathercab

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Reply #1 on: Aug 21, 2022
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Darron12

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Reply 2 on: Aug 21, 2022
Wow, this really help

Viet Thy

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Reply 3 on: Yesterday
Excellent

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