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Chapter 9. Goosing, Stuffing, and Faking... > Red Flag 13: When Construction Compa...

Red Flag 13: When Construction Companies Include Disputed Cost Overruns in Revenue

If you ever wanted proof that accounts don’t actually reflect money that came in and out of a company in a particular period, have a look at the way that some construction companies record revenues that have not only not been received but are actually in dispute. This occurs when the cost of a project exceeds original estimates and the builder seeks to reclaim the additional money from the customer.


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