Consider the 5 traditional financial statement assertions: Existence Completeness Presentation and Disclosure Valuation Rights and Obligations Management. Next, obtain a set of financial statements from a publically traded company (finance.yahoo.com or other). Select at least 2 balances on the financial statements. Describe the principal assertion of the selected account balance (existence, completeness, etc.) Read this […]
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What are the potential consequences if you do comply with your supervisor’s instructions?
TUM ?Wk 9 Ethics in Accounting & Financial Reporting & Misstatement of Funds Discussion Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity in financial reporting. A sound economy is contingent on truthful and reliable financial […]
