[Verse 1] Balance sheets whisper secrets in the night Assets dancing with their liabilities Cash flow statements paint the picture bright Revenue recognition holds the keys When transactions twist through complex mazes M and A accounting changes faces [Chorus] GAAP and IFRS, standards we must know Assets equal liabilities plus equity's flow Red flags flutter when the numbers don't align Fraud detection keeps us walking the line Audit trails and footnotes tell the story In the ledger's pages, truth and glory [Verse 2] Derivatives hide in footnote forty-three Pension obligations lurk below International standards cross the sea Tax strategies help the profits grow Forensic magnifying glass reveals What cooking books and window dressing steals [Chorus] GAAP and IFRS, standards we must know Assets equal liabilities plus equity's flow Red flags flutter when the numbers don't align Fraud detection keeps us walking the line Audit trails and footnotes tell the story In the ledger's pages, truth and glory [Bridge] Materiality matters when we test Substantive procedures do the rest Internal controls must pass the grade Or qualified opinions will be made Transfer pricing across borders flows While tax havens hide what no one knows [Verse 3] Financial statement fraud wears many masks Overstated revenues, hidden costs Analytical procedures ask the tasks When ratios reveal what might be lost Corporate governance sets the tone Ethical foundations carved in stone [Chorus] GAAP and IFRS, standards we must know Assets equal liabilities plus equity's flow Red flags flutter when the numbers don't align Fraud detection keeps us walking the line Audit trails and footnotes tell the story In the ledger's pages, truth and glory [Outro] From consolidation to fair value's call Professional judgment conquers all The numbers speak to those who hear Accounting truths crystal clear
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