What basic accounting principle is violated

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Reference no: EM13792317

Using the information gained from reading the SEC's Accounting and Auditing Enforcement Release against Federico Quinto, Jr., what stands out to you as the most serious of the charges? Why?

In the Delphi Corporation case, why is the recording of the warranty reserve directly to retained earnings a problem? What basic accounting principle is violated? How would you explain this to management?

Reference no: EM13792317

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