Income smoothing: the death of transparency

Income smoothing: the death of transparency

Geoffrey Senogles
Accounting & Forensic Services

Bloomberg BNA’s accounting blog referenced a 2013 article written by Geoffrey Senogles, “Aggressive accounting vs. fraudulent accounting.” Mr. Senogles noted that to get around auditor cut-off procedures companies began “channel stuffing,” where a company ships products in excess of a customer’s requirements towards the end of an accounting period in order to inflate revenues. To read the blog, click here