Explain how WorldCom used restructuring reserves (liabilities) to fraudulently manipulate reported earnings.

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Question Posted: Sep 22, 2014 08:52 AM

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Explain how WorldCom used restructuring reserves (liabilities) to fraudulently manipulate reported earnings.

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WorldCom used restructuring reserves extensively to smooth and enhance report...View the full answer

Auditing a risk based approach to conducting a quality audit

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