Describe why the recognition of revenue for iru swaps for, Ask an Expert

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Describe why the recognition of revenue for IRU swaps for fiber optic assets that were not actually needed by Qwest was inappropriate under GAAP.

Next, consult Paragraphs 7–8 of PCAOB Auditing Standard No. 15. As an auditor, what type of evidence would allow you to determine whether such recognition of revenue would be appropriate under GAAP?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91363548

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