Would confirmations help her gather evidence in preparing

Assignment Help Accounting Basics

Reference no: EM133611997

Question: As a certified fraud examiner laura wu has been retained by an attorny to investigate an overstatement of revenue fraud at unlimited growth ltd. all sales to the company are on credit. laura has found an entry in the records debiting accounts receivable and crediting the sales account on the last day of the fiscal year. a. would confirmations help her gather evidence in preparing for prosecution of financial statement fraud? why?

Reference no: EM133611997

Questions Cloud

What the value of these shares would be in : What the value of these shares would be in an open market. This can be a ground for fraud and some speculate this is how Enron did it

Describe the differences among exploratory-descriptive : Describe the differences among exploratory, descriptive, and explanatory research.

Stock after accounting for the distribution : How would your answers change if the land had been encumbered by a $75,000 liability, for which Celia assumed personal responsibility upon receipt

Define societal pressures : Define societal pressures, then provide Two examples of societal pressures and how might those pressures effect one's individual choices?

Would confirmations help her gather evidence in preparing : would confirmations help her gather evidence in preparing for prosecution of financial statement fraud? why

What is test of control for recording revenue : What is test of control for recording revenue when goods have not been shipped or services have not been performed

Why did this client become confused and combative : Why did this client become confused and combative? What pivotal decision made in the ER directly caused this client's worsening condition?

Rituals used to communicate sense of you and your culture : When you were growing up, did your family eat dinner together? How were stories, routines, and rituals used to communicate a sense of you and your culture?

Apply bonilla-silvas theory of color-blind racism : Apply Bonilla-Silva's theory of color-blind racism to real-life experiences and explain the detrimental implications of trying to erase race as an issue. B

User Account

All Pages