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Consult Paragraphs # 52-53 of PCAOB Auditing Standard No. 12.Consider how a revenue recognition fraud might occur under Enrons strategy in the late 1990s. Next, identify an internal control procedure that would prevent, detect, or deter such a fraudulent scheme?

Consult Paragraphs # 52-53 of PCAOB Auditing Standard No. 12.Consider how a revenue recognition fraud might occur under Enron’s strategy in the late 1990s. Next, identify an internal control procedure that would prevent, detect, or deter such a fraudulent scheme? Discuss.

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On each audit engagement auditors are required to brainstorm about the possibility that fraud could occur at their client This type of brainstorming discussion is explicitly required by the profession…View the full answer


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Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

Auditing and Accounting Cases Investigating Issues of Fraud and Professional Ethics

ISBN: 978-0078025563

4th edition

Authors: Jay Thibodeau, Deborah Freier

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Posted Date: December 02, 2015 01:23:07
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