Wgu c254 topic 4 - Study guides, Class notes & Summaries
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WGU C254 Topic 4 Rated 100% Correct!!
- Exam (elaborations) • 3 pages • 2023
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Which are the two most commonly manipulated to perpetrate financial statement fraud? - 
Revenues and Accounts Receivable 
SAS 99 requires auditors to assume there are material misstatements in revenue, though realizing there 
are situation-specific methods to recognize revenue and interpret the associated rules. - True 
Barry Minkow (a convicted fraudster) said: "Receivables are a wonderful thing - you create a receivable 
and you have ________________." - Revenue 
Stuffing distribution channe...
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WGU C254 Topic 4 Questions | Questions with 100% Correct Answers | Verified | Latest Update
- Exam (elaborations) • 4 pages • 2023
- Available in package deal
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- $4.49
- + learn more
Which are the two most commonly manipulated to perpetrate financial statement fraud? - 
Revenues and Accounts Receivable 
SAS 99 requires auditors to assume there are material misstatements in revenue, though realizing 
there are situation-specific methods to recognize revenue and interpret the associated rules. - 
True 
Barry Minkow (a convicted fraudster) said: "Receivables are a wonderful thing - you create a 
receivable and you have ________________." - Revenue 
Stuffing distribution chann...
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