WorldCom tried to maintain profit levels by treating revenue costs (over $3.8 billion) as capital expenditure. Explain
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WorldCom tried to maintain profit levels by treating revenue costs (over $3.8 billion) as capital expenditure. Explain what the impact would be if revenue costs (such as repairs to plant and machinery) were to be treated as capital assets. What do you think the auditor should have done to discover such malpractice?
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Irfan Ali
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Related Book For 
The Audit Process Principles Practice And Cases
ISBN: 9781473760189
7th Edition
Authors: Iain Gray, Louise Crawford, Stuart Manson
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