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Question 9 of 40 The Groupon case deals with all but the following issues: A.Improperly estimated customer returns B.Improper recognition of gross revenue C.Used a
Question 9 of 40
- The Groupon case deals with all but the following issues:
- A.Improperly estimated customer returns
- B.Improper recognition of gross revenue
- C.Used a new innovative metric of "Adjusted Consolidated Segment Operating Income"
- D.Blamed material weakness on their auditors EY
Question 10 of 40
- The main reason the PCAOB has charged Chinese affiliates of U.S. audit firms with failing to provide sufficient documentary evidence of audits of Chinese companies listed on U.S. exchanges is:
- A.Audit firms are unable to gather sufficient competent evidential matter
- B.Audit firms are not knowledgeable enough about Chinese accounting standards
- C.Chinese regulatory agencies can be uncooperative in providing access to PCAOB regarding their inspections of audit documents
- D.Chinese regulatory agencies conduct inspections of the audit documents of the firms
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