Identify seven analytical review methods commonly employed by forensic accountants.
Answer to relevant QuestionsWhy is it important for a forensic accountant to employ both internal and external comparisons in financial statements analysis?Identify five common categories of financial ratios. How are ratios in each category normally expressed in terms of decimal, percentage, or dollar?What is the purpose of journal entry testing?Identify three types of engagements in which forensic accountants often use personal financial statements. Briefly discuss each.Using the following financial statements for ZZZZ Best:a. Prepare a common- size balance sheet and income statement for the three- month interim period ending July 31, 1986.b. Compute the following financial ratios for the ...
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