Discuss fact that overstated revenue will likely be earned

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Problem 1: Perpetrators of improper revenue recognition schemes often attempt to offer the defense that recognizing future periods' revenue in the current period is only a "timing" error. Discuss whether the fact that the overstated revenue will likely be earned in later periods reduces the impact of the overstatement or reduces the impact of the responsibility of the perpetrator to report revenue accurately in the current period.

Reference no: EM132758199

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