Arthur Levitt stated that the SEC was seeing five accounting “gimmicks” of “accounting hocus-pocus” that were proving problematic. Name three of these gimmicks and explain in detail in 200 words.

Arthur Levitt stated that the SEC was seeing five accounting “gimmicks” of “accounting hocus-pocus” that were proving problematic. Name three of these gimmicks and explain in detail in 200 words.