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 both the U.S. and worldwide. It is a concern for both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) users.

Revenue Recognition Fraud Is