Illustrate what are these accounting shenanigans? briefly, Ask an Expert

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Q. Former Chair of SEC, Arthur Levitt made a famous speech in the mid-late nineties lining out the most popular accounting tricks (also known as "accounting shenanigans" or otherwise known as cooking the books) that companies use to overstate or exaggerate their financial results (profits and balance sheet wealth). Illustrate what are these accounting shenanigans? Briefly explain each. Do internet research to answer the question.

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