User Account

All Pages

How an investigative auditor can document a case

Assignment Help Accounting Basics
Reference no: EM132607984

An experienced investigative auditor knows the procedures associated with assessing a potential case of fraudulent behavior. In today's scandal-ridden financial environment, an auditor's ability to spot the trappings of potential hidden problems in an audited entity's internal control system is essential.

Question 1: For your initial post to this discussion, discuss how an investigative auditor can document a case against an employee who has been embezzling from his employer by "cooking the books," when the embezzler/chef has destroyed the accounting records to the point where it is impossible to produce a reasonable estimate of the monetary damage done. The auditor swears that all is not lost and has asked you to assist in the investigation, Sherlock Holmes style. Okay, Watson-how do you go about catching this fraudster?

Reference no: EM132607984

Questions Cloud

Analyse the silvio napoli at schindler india : Analyse the variousissues inherent in the "Silvio Napoli at Schindler India" case study, whether explicit in the case or dormant
Discuss the various tools and techniques used by an hco : Discuss the various tools and techniques used by an HCO to increase logistical efficiency.
What are an auditor documentation requirements : What are an auditor's documentation requirements concerning an entity's internal control system and the assessed level of control risk
What challenges do managers face in managing teams : What challenges do managers face in managing teams that must rely on IT to communicate?
How an investigative auditor can document a case : How an investigative auditor can document a case against an employee who has been embezzling from his employer by "cooking the books,"
Information security in relation to mobile devices : Explain the goal of information security in relation to mobile devices. Explain human safeguards, and discuss which human safeguard(s) should be implemented.
What sales need to be to make same gross profit as before : Competition has forced him to reduce his markup to 25% in 2020. What his sales need to be to make same gross profit as before?
Research the penalties associated with marijuana : Research the penalties associated with marijuana use in your state and local community (town/city). How do these differ from neighboring states?
How is transaction recorded in accounting records : Selling price of Rs200 from his shop for his own use. The cost price of these goods is Rs150. How is this transaction recorded in his accounting records?

Reviews

Write a Review

Accounting Basics Questions & Answers

  During the year it engaged in the following transactions

at the beginning of the current year health company had 20000 shares of 10 par common stock outstanding. during the

  Evaluating the financial plan in detail

Evaluating the Financial Plan (possible source and brief description and financial outlook) if they want to expend in Singapore market.

  Breakdown of an insulating fluid at five test conditions

Insulating fluid. Table 2.1 of Chapter 7 shows samples of times to breakdown of an insulating fluid at five test conditions. According to engineering theory, these distributions are exponential

  How many tours must be sold to break even

Canyon Escape sells individual tickets for $75 for walking tours of the Grand Canyon. How many tours must be sold to break even

  Who is to blame for the fraud

Again, I expect at least 3 paragraphs to adequately cover the above questions. Cite at least three sources in your discussion. Look to web sources including those available through the library. As always, use good grammar and remember to be concis..

  Compute depreciation expense

Compute depreciation expense under each of the following methods. Agazzi is on a calendar-year basis ending December 31

  Compute sales volume variance and sales price variance

Budgeted sales volume is 2,500 units, actual is 2,400 units. Budgeted unit VC is $5, actual is $6. Compute sales volume variance and sales price variance

  Prepare a journal entry to record depletion during the year

Salter Mining Company purchased the Northern Tier Mine for $32 million cash. Prepare a journal entry to record depletion during the year

  What was the amount of interest paid

Interest payable was $33,000 and $73,000 at the beginning and the end of the year, respectively. What was the amount of interest paid?

  What are the three main sources of this information

What are the three main sources of this information. Discuss briefly the advantages and disadvantages for each source

  Adjusting entry to accrue interest expense

Make the adjusting entry to accrue interest expense at December 31, 2012. Date the entry and include its explanation - post to the T-accounts of the two accounts affected by the adjustment.

  Marsh corporation purchased a machine on july 1 2008 for

marsh corporation purchased a machine on july 1 2008 for 750000. the machine was estimated to have a useful life of 10

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd