Question

Access the SEC case of Serological Corporation, Inc. at http://www.sec.gov/litigation/admin/34-45852.htm.

Required:
(a) Briefly describe the way that Serological Corporation improperly recognized revenue with its largest clients.
(b) While the practice of bill and hold is not fraudulent, what are some of the criteria that Serological violated using this method?



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  • CreatedJanuary 21, 2015
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