How can auditor spot acts of creative accounting
How can auditor spot acts of creative accounting? Means let an illustration, the excess of provisions or the non-elimination of intra group transactions along with value added.
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This is the task of an auditor: they can utilize experience, asking the reasons behind the numbers and judging if these respect accountancy norms.
Sometimes, companies accuse investors of performing credit sales which they make their quotations fall. Is it true?
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I have a doubt about the Enron case. How could this prestigious investment bank advice investing while the quotations of the shares were falling?
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