Fraudulent financial reporting schemes

Reference no: EM1347636

Your audit manager has assigned you to train your peers on an audit team about fraudulent financial reporting schemes.

Identify and explain 5 fraudulent financial reporting schemes to your peers.

Use 2 examples involving accounting transactions to demonstrate each of the schemes that you identified.

Show how auditors can utilize analytical procedures, test of details, and confirmations to uncover the schemes that you identified.

Reference no: EM1347636

Questions Cloud

Voip beneficial to an organization : Conduct Internet search to locate case study which illustrates how VoIP was beneficial to the organization. Why did organization need a VoIP solution?

Performance measurement system : Discuss and explain the major payoffs from overhauling the performance measurement system?

What is the federal resources for public education : Fifty years later, the federal resources for public education shows approximately 10% of the public education budget.

Incentive formula approach to motivation revenue growth : What are the motivational advantages and disadvantages of each of the four incentive formulas and what are the advantages and disadvantages of the incentive formula approach to motivation revenue growth.

Fraudulent financial reporting schemes : Suppose your audit manager has hired you to train your peers on an audit team about fraudulent financial reporting plans. Discuss and explain any five fraudulent financial reporting plans to your peers.

Explain what is budgetary slack : Discuss the advantages and disadvantages of Job Order Costing. Be sure to include specific examples of the advantages/disadvantages that you discuss.

Prepare properties in ltl : Let a three bit binary counter. Prepare these properties in LTL. Create a model which satisfies the specification and both the above properties.

Importance of motivation : Why is it significant for today's organizational leaders to understand human motivation? Provide a rationale to support your view.

Illustrate what combination of the three products : If the prices of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on these three products, illustrate what combination of the three products should be purchased in order to maximize utility.

User Account

All Pages