There Is Strong Evidence That Companies Have Used Pension Obligations

question 89

True/False

There is strong evidence that companies have used pension obligations as a means of smoothing earnings by changing the assumed long-term discount rate or the earnings rate,so this is an important and judgmental area in which the auditor must be careful to exercise appropriate professional skepticism.

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Definitions:

World War II

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A prominent American historian, recognized for his scholarly contributions to the understanding of American history, particularly the Civil War and Reconstruction periods.

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A diverse group of Americans of Asian descent, who trace their roots to various countries in Asia.