Why have there been so many accounting scandals
If there are so many Generally Accepted Accounting Principles (GAAP), and outside auditors auditing company books, why have there been so many accounting scandals/frauds?
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If there are so many Generally Accepted Accounting Principles (GAAP), and outside auditors auditing company books, why have there been so many accounting scandals/rfauds?
In December, 2008, Ace Consulting performed services for a customer for $12,000 on account. On June 1, 2009, after several unsuccessful attempts to collect, Ace replaced the customer's account receivable with a 6% note, due and collected in full o
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