Detail Hocus-Pocus Accounting   Oleh:  Carmichael, Douglas R. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 188 no. 4 (1999), page 59-66. Topik: ACCOUNTING; hocus - pocus; accounting Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel SEC Chairman Arthur Levitt decried what he termed "accounting hocus - pocus" and called for coordinated efforts to uncover it. He targeted the practice by some companies of improperly boosting reported earnings by manipulating the recognition of revenue. Among the most common methods of doing this are the bill - and - hold transaction and a long list of sham transactions involving shipping, billing and / or related - party involvements. Both the SEC and the AICPA seek to increase independent auditors' awareness of problems associated with these practices. Public companies feel pressure to report quarterly earnings that meet or exceed analysts' expectations - after all, failure to meet those expectations can hurt companies' stock prices. This pressure can lead to practices that sometimes include fraudulent over statement of quarterly revenue. Any of the improper and unusual revenue - transaction methods used to misstate quarterly revenue also can be used to change annual results. Auditors need to be alert to the whole gamut of warning signs that revenue - recognition fraud may be present. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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