Any of the improper and unusual revenue-transaction methods used to misstate quarterly revenue also can be used to change annual results.
Auditors need to be alert to the whole gamut of warning signs that revenue-recognition fraud may be present.
Everyone in the company looks up to and admires you. You believed in the new product line so much that you gambled the company's whole future on it. "Good grief, this is terrible," you think to yourself.
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According to a 1999 study by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), in three-quarters of fraud cases the chief executive officer is directly involved.
Steve Mnuchin, Donald Trump’s pick for Treasury Secretary, is testifying in a Senate confirmation hearing on Thursday.
Two years ago, in a WEEI radio interview at the Red Sox's annual winter caravan, he predicted that he would win the Cy Young Award -- never mind that he had never before won more than 10 games.… continue reading »
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When asked why he felt the need to set up a dating site for geeks, his first response was “Obviously geeks are the sexiest species of human. So while the site does carry an irreverent tone, there is a serious service on offer underneath the l33t-speak and memes.… continue reading »