Could some good accountants have spared the nation its hush money trauma?
By CPA Trendlines Research
Analysis and Commentary
The Donald Trump case involving hush money payments indeed centered around accounting practices and the legal implications of how these transactions were recorded. The payments in question, made to silence allegations of extramarital affairs, were scrutinized for potential violations of campaign finance laws and business records.
A CPA Trendlines analysis of generally accepted practices and the professional literature demonstrates the grave lapses that led to felony convictions and the essential role good accountants and honest accounting must play in the executive suite.
The lessons – and risks – for accountants are painfully clear.
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