Question: 1- When treating loans as sales, using for example Special Purpose Entity (SPE), can be considered as a creative accounting technique or as fraud.
1- When treating loans as sales, using for example Special Purpose Entity (SPE), can be considered as a creative accounting technique or as fraud. Explain and support your answer with two examples, one example when it can considered as the creative accounting and another example when it be considered as fraud.
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Meaning of Special Purpose Entity Its a separate legal body set up to achieve certain goals such as ... View full answer
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