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students should be aware of the many grey areas and decisions which go into the financial reporting process, many of which are not illegal. Describe

"students should be aware of the many grey areas and decisions which go into the financial reporting process," many of which are not illegal. Describe an area of the course where management influence and manipulation can take place in the financial statements, given the multiple accounting treatments possible. Describe how you would mitigate or prevent the earnings manipulation in an oversight role (eg., member on the Board of Directors)

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