is complete but not entirely correct. 1. Many instances of misstatement are based on the inappropriate recognition of 2. One way to avoid misstatement of revenue is to ensure the client has proper 3. Revenues are deemed to be earned when the company has 4. Side can substantially alter the terms of a sale. 5. needs to be assured in order to recognize revenue. what it must do to fulfill its obligation. revenue cutoff policies accomplished agreements Completion