Forensics Journal - Stevenson University 2015 | Page 8

STEVENSON UNIVERSITY

Regulations for Off-Balance-Sheet
Financing Produce Risky Financial
Statements
Crystal Abraham
Is it true that off-balance-sheet financing creates financial reporting
discrepancies due to the failure of appropriate and comprehensive
regulations? As permitted by the Financial Accounting Standards
Board (FASB) and Securities and Exchange Commission (SEC),
accounting methods are devised to allow corporations the financial
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