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A Friend Would Like to Become Better at Detecting Deceit

question 3

Essay

A friend would like to become better at detecting deceit.Provide your friend with a guide, including cues of deceit and ways to be most successful in detections.

Analyze financial performance and health through cash flow ratios and turnover metrics.
Understand the differences between segment disclosures required by IFRS and GAAP.
Utilize and interpret cash flow ratios and turnover metrics to gauge company’s operational efficiency.
Understand PCAOB and FASB standards and their roles in financial reporting.

Definitions:

Consumers

Individuals or entities that purchase goods or services for personal use and not for manufacturing or resale.

Ed/Es

This represents the ratio of the elasticity of demand (Ed) to the elasticity of supply (Es), indicating how responsive the quantity demanded and supplied are to changes in price.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Ad Valorem Tax

A tax based on the assessed value of an item, such as property or goods, typically expressed as a percentage.

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