According to a study sponsored by the Committee of Sponsoring Organizations (COSO), the most common way to manipulate revenue accounts is by:
A) reclassifying expenses as revenues.
B) recording fictitious revenues.
C) inappropriately reducing sales returns and allowances.
D) prematurely recording revenue.

Question

Quizplus · Accepted Answer

Recording fictitious revenues is the most common way to manipulate revenue accounts according to the COSO study.

According to a Study Sponsored by the Committee of Sponsoring