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Auditing to combat revenue recognition fraud
Author(s) -
Hurtt David N.,
Kreuze Jerry G.,
Langsam Sheldon A.
Publication year - 2000
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/1097-0053(200005/06)11:4<51::aid-jcaf8>3.0.co;2-v
Subject(s) - revenue recognition , revenue , audit , financial fraud , business , constructive fraud , accounting , financial accounting , accounting information system
Revenue recognition fraud has been in the news lately. In fact, more than half of all financial reporting fraud involves overstating revenue. The authors review the current literature that applies to revenue recognition fraud and offer some useful audit tools and procedures to prevent it. © 2000 John Wiley & Sons, Inc.