Question

In general revenue recognition guidelines are broad, something difficult to apply, and often vary by industry. The revenue recognition principal provides that revenue is recognized when (1) it is realized or realizable (2) and it is earned. Revenue can be recognized at the point of sale (delivery), before delivery (percent of completion method) or after delivery (installment).
The SEC has attempted to provide more guidance in the area of revenue recognition. In some cases there has been intentional misstatement of revenue to achieve better financial results.
Required
1     Name three companies that have misstated revenue.
2     Give the circumstances for each misstatement? Fraud (how was it discovered, how was misstatement accomplished, etc.
3     Did the company restate earnings, and if so, how much
4     Was there a criminal charge filed against the company or its employees.

Note: It is a One full page Auditing Assignment.