会计 皮尔森 Chapter 1.pptVIP

MBA ACCOUNTING * The Expectation Gap The difference between what the public and financial statement users believe what the responsibilities of auditors are and what auditors believe their responsibilities should be. A common misconception of the public is that auditors guarantee the financial statements to be “accurate” as they are responsible for detecting fraud. They do not! ? 2014 MCGRAW-HILL RYERSON * Accounting Scandal: Toshiba Corp In 2015, Toshiba Corp. announced that it overstated profits by US$1.2 billion in a string of frauds from 2008 to 2014. The irregularities were related to