Question
If an entity were to discover that an expense of a prior period was omitted (perhaps as the result of a genuine mistake), should it
If an entity were to discover that an expense of a prior period was omitted (perhaps as the result of a genuine mistake), should it record the error by increasing the expenses in the period in which the error was discovered, or recognise the error by making an adjustment directly to retained earnings?
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Forensic Analytics Methods And Techniques For Forensic Accounting Investigations
Authors: Mark J. Nigrini
2nd Edition
1119585767, 9781119585763
