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Required:Identify the potential revenue recognition issues related to each of the Company's sources of revenue.On the basis of the information Ms.

Required:1.Identify the potential revenue recognition issues related to each of the Company's sources of revenue.2.On the basis of the information Ms. Drew has learned, what fraud risk factors should she consider discussing with her team at the next fraud brainstorming meeting?3.What potential audit procedures could the team consider to evaluate management's revenue recognition policies and determine whether those policies are appropriately applied?

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Revenue Recognition
Memo Form
Subject: Revenue Recognition Policy and Guidelines at Social Konnections Inc
Social Konnections Inc is an organization required in giving...

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he Company Social Konnection Incorporation (SKI) has many sources to earning revenues and making profits. One of these... View the full answer

1 comment
  • Question number 2 was not answered.
    • meldghm
    • Jul 20, 2016 at 2:32am

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