[Verse 1] When numbers tell a story on the balance sheet tonight Assets equal liabilities plus equity that's right But look beyond the surface where the truth might hide away Red flags are waving signals of the games that people play [Chorus] GAAP and IFRS, standards we must know Detect, Investigate, Report the fraud below Revenue recognition, when to book the sale Matching principle matters, tell the truthful tale Audit trails and evidence, follow every lead Accounting mastery is what we really need [Verse 2] Mergers and acquisitions, goodwill on the books Purchase price allocation, take a second look Derivatives and hedging, mark to market fair Pension obligations hiding, actuarial care [Chorus] GAAP and IFRS, standards we must know Detect, Investigate, Report the fraud below Revenue recognition, when to book the sale Matching principle matters, tell the truthful tale Audit trails and evidence, follow every lead Accounting mastery is what we really need [Bridge] Tax planning strategies, domestic and abroad Transfer pricing policies, playing by the law Forensic accountants searching for the clues Internal controls failing, that's the breaking news [Verse 3] Financial statement fraud comes in many forms Channel stuffing, cookie jars, riding out the storms Round trip transactions, bill and hold schemes too Analytical procedures help us see what's true [Chorus] GAAP and IFRS, standards we must know Detect, Investigate, Report the fraud below Revenue recognition, when to book the sale Matching principle matters, tell the truthful tale Audit trails and evidence, follow every lead Accounting mastery is what we really need [Outro] From audit to assurance, we stand guard tonight Making sure the numbers show the world what's right
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