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With regard to intentional misstatements of estimates that fall into acceptable ranges, all of the following are true, except Misstatements are treated as and charged
With regard to intentional misstatements of estimates that fall into acceptable ranges, all of the following are true, except
Misstatements are treated as and charged as fraud by the FASB. | ||
The misstatements may assist managers in meeting earnings requirements. | ||
The misstatements may be difficult to discover by external auditors. | ||
Misstatements usually do not result in imprisonment of mangers |
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