Inconsistencies in the company expenses, Accounting Basics

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Inconsistencies in the company expenses

While doing an audit, you discover inconsistencies in the company's expenses. Address the following:

· Why might a company choose to overstate or understate its expenses?

· How might this be accomplished?

· Describe how professional skepticism plays into this type of audit.

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Accounting Basics: Inconsistencies in the company expenses

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