the first one: Explain the technique the company is using that may constitute a financial shenanigan. Indicate both the technique used and how the…
the first one:”2. Explain the technique the company is using that may constitute a financial shenanigan. Indicate both the technique used and how the auditor should react.A. Highlinetime Inc., was about to report lower earnings than expected for 2010. The shortfall would be about $10,000,000. Before year end, the company contracts with Bogus Insurance, Inc., which insures corporate earnings. Under the contract, Highlinetime will receive […]