Question
The controller of the city of F, who is independent of the chief executive, purposefully underestimates revenues and publishes revenue statements that show actual revenues
The controller of the city of F, who is independent of the chief executive, purposefully underestimates revenues and publishes revenue statements that show actual revenues only.
(a) How can one discover the controller’s practice?
(b) The controller, when discovered in the practice, points with pride to the city’s solvency and states that his underestimates have kept the city from overspending. Comment. (ie. thoughts you have and possible effects of this situation.)
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
15th edition
978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689
