Issuers of financial statements that fail to disclose that accounts receivable have been sold or factored sometimes
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Issuers of financial statements that fail to disclose that accounts receivable have been sold or factored sometimes attempt to offer the defense that this is only a disclosure issue that does not affect earnings.
If the nondisclosure of the sale of accounts receivable does not affect earnings, does this reduce the responsibility of management to properly disclose the sale of accounts receivable?
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Related Book For
Detecting Accounting Fraud Analysis And Ethics Global Edition
ISBN: 9781292059402
1st Global Edition
Authors: Cecil W. Jackson
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