Revenue-related financial statement fraud is prevalent for all of the following reasons except:
A) There are numerous accounting methods for recognizing revenue.
B) Revenue-recognition policies are unlikely to be reviewed by financial statement auditors.
C) Net income can be easily manipulated by using revenue accounts.
D) Judgment can significantly affect the amount of revenue recognized by an entity.

Question

Quizplus · Accepted Answer

is correct since auditors spend a great deal of time reviewing revenue-recognition policies.

Revenue-Related Financial Statement Fraud Is Prevalent for All of the Following