As noted in the case, auditing standards specifically require auditors to identify revenue recognition as a fraud
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Question:
As noted in the case, auditing standards specifically require auditors to identify revenue recognition as a fraud risk in most audits. Based on your understanding of the company, what factors may increase the risk of fraudulent financial reporting in Souper Bowl’s 2016 revenues?
Expert Answer:
Factors that may increase the risk of fraudulent financial reporting in Souper Bowls revenue 2016 are Management or employees have an incentive or are under pressure Circumstances exist that provide a... View the full answer
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