In order to report strong results, an audit client may
A) include revenue earned in the next income year in the current year's income.
B) bring forward expenses to the current income year.
C) defer revenue earned in the current year to the next income year.
D) omit closing procedures.

Question

Quizplus · Accepted Answer

Including revenue earned in the next income year in the current year's income is a way to inflate current year results, making them appear stronger than they actually are.

In Order to Report Strong Results, an Audit Client May