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| Teaching Since: | May 2017 |
| Last Sign in: | 356 Weeks Ago, 4 Days Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Assignment Item 1: Overstated income (overstated revenues, understated expenses or a combination) is an area of concern to the SEC. Go to http://www.sec.gov/divisions/enforce/friactions.shtml and locate an enforcement release where there is a discussion of overstated income and issues with the audit or auditor. Prepare a memo to explain why the SEC had an issue with income overstatement and how the auditor could have done a better job.
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