In the case of HealthSouth fraud, the company started to manipulate earnings with the small changes of
Fantastic news! We've Found the answer you've been seeking!
Question:
a. Acceptable - because accountants can make good faith forecasts
b. Not-acceptable - because it was an intentional misleading of financials to hit key performance indicators and violated the spirit of GAAP and violated the spirit of GAAP
c. Not-acceptable - because one can only report cash in hand as revenue
d. Acceptable - because it helped keep up earnings estimates
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: