Different types of red flags


Question 1:

What do you understand by the term big bath and when would management be disposed to use it?

Question 2:

Recognize and briefly describe five (5) different types of red flags which specify the potential for financial statements fraud.

Question 3:

Why do you think that the accounting profession has basically not released any accounting standards pertaining to disclosure on environmental information?

Question 4:

Of what relevance to accounting profession is sustainable development?

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