What type of internal control concern

Reference no: EM133608835

Question: At Antman, Inc. quarterly revenue comes in at $9.00 per share after the closing of the accounting records, which is unfortunately below analysts' consensus quarterly top line revenue forecast of $9.05 per share. The CFO calls down to accounting and directs them to leave the books open one more day and then backdate the first day of next quarter's revenues as if they were this quarter's revenues. The CFO then calls the CEO and says, "Boss I've got good news, we beat analysts' top-line revenue forecasts again this quarter!" What type of internal control concern, if any, does this vignette illustrate?

Reference no: EM133608835

Questions Cloud

Why does the united states not memorialize the war : Why, then, does the United States not memorialize this war as much? Explain your thoughts and support them with evidence from the coursework.

Write a letter to a client analysing the intricacies : Write a letter to a client analysing the intricacies associated with Bonus Depreciation and Section 179, including the distinctions between eligible

Research on hookup culture and sex on college campuses : Identify the statements that are supported by research on hookup culture and sex on college campuses.

Which types of dressings are not covered under the medicare : Which types of dressings are not covered under the Medicare/Medicaid surgical dressings benefits? Select one: Hydrogels Dressings for first-degree burns

What type of internal control concern : Boss I've got good news, we beat analysts' top-line revenue forecasts again this quarter!" What type of internal control concern, if any, does this vignette

What is the purpose of the student organization : As Louis attends Fisk University in Nashville Tennessee, he joins a student organization. What is the purpose of the student organization?

What is the procedure and what is the patient gender : What is the procedure? What is the patient's gender? What is the anatomic stie? What structures outside the urinary system are involved, if any?

Identify the social groups and he causes of this polarity : Before 1650 Chesapeake society splintered into two social groups that mistrusted each other. Identify the social groups and he causes of this polarity.

What is history and theoretical framework of this policy : Identify a social policy in North Carolina that is of interest to you. What is the history and theoretical framework of this policy?

User Account

All Pages