Detecting Accounting Fraud 1st Edition by Cecil Jackson

تمرين 37

Which of the following is not true regarding disclosure by Enron in its financial statements? (a) Enron disclosed that it guaranteed the performance of certain of its unconsolidated affiliates in connection with letters of credit.
(b) Enron disclosed that a significant portion of its CFFO came from securitizations of its current assets.
(c) Enron disclosed all the names of all of its unconsolidated affiliates as well as the total assets and total debt of each one.
(d) Enron disclosed that it engaged in related-party transactions with unconsolidated, specially constructed entities.