Which of the following is NOT addressed in the Waste Management's case?
A) The misstatements represented 10% of pre-tax income, which was not considered material.
B) The company employed aggressive accounting practices to enhance its earnings.
C) The company used the gain to offset unrelated operating expenses which was not in conformity with GAAP.
D) The company's auditor, Arthur Andersen, had engaged in improper professional conduct.

Question

Quizplus · Accepted Answer

The misstatements represented 10% of pre-tax income, which was not considered material, is addressed in the Waste Management's case. B, C, and D are all addressed in the case.

Which of the Following Is NOT Addressed in the Waste