Match The Number Of The Shenanigan An Auditor Would Be Alert To If He Or She Saw

Match the number of the shenanigan an auditor would be alert to if he or she saw the listed warning signs (a-e):Shenanigans:1. Accelerating discretionary expenses into the current period.2. Creating reserves and releasing them into income in a later period.3. Releasing questionable reserves into income4. Capitalizing normal operating costs, particularly if recently changed from expensing.5. Improperly inflating the amount included in a special charge.Warning Signs:a. The auditor sees the following account: “Deferred membership charges.”

 

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