Describe some of the common fraud schemes that affect the inventory and cost of goods sold accounts.

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Describe some of the common fraud schemes that affect the inventory and cost of goods sold accounts. Discuss in small groups or in the class as a whole instances in which students have experienced or read about fraud schemes in their community or workplaces related to inventory. For example, discuss situations in which students have witnessed or learned about inventory thefts in their workplaces, and how such thefts were accomplished.
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Auditing A Business Risk Approach

ISBN: 978-0538476232

8th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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