Which of the following is a common rationalization for fraudulent financial reporting? a. This is a

Which of the following is a common rationalization for fraudulent financial reporting?

a. This is a one-time transaction and it will allow the company to get through the current financial crisis, but we’ll never do it again.

b. We are only borrowing the money; we will pay it back next year.

c. Executives at other companies are getting paid more than we are, so we deserve the money.

d. The accounting rules don’t make sense for our company, and they make our financial results look weaker than is necessary, so we have a good reason to record revenue using a nonGAAP method.

e. a. and d.

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