Revenue recognition fraud is
A)a major issue in the U.S.but not worldwide.
B)a major issue internationally, but not in the U.S.
C)a major issue in the U.S.and worldwide.
D)not a major issue anywhere.

Question

Quizplus · Accepted Answer

Revenue recognition fraud is a major issue in the U.S. and internationally, as companies may manipulate their financial statements to show increased revenue or profits through premature or false recognition of revenue. This is a significant concern for investors, regulatory authorities, and auditors worldwide.

Revenue Recognition Fraud Is