Using a spreadsheet program and the ZZZZ Best financial statements provided in Tables 5C- 1 and 5C- 2, reproduce, using formulas, the cash flow analysis set forth in Table 5C- 4. Depreciation for 1986 was $ 97,588, and no assets were disposed of during the year. Which items on the cash flow analysis would you investigate further? Why? Writing a Business Memo
Answer to relevant QuestionsAs you may recall from the introductory case study, the 1985 and 1986 financial statements of ZZZZ Best were audited by CPA firms. After reviewing the case study, along with the sections of the chapter related to the types ...What level of assurance was implied for ZZZZ Best’s financial statements for 1985? For 1986? For the interim period ending July 31, 1986? Would the level of assurance impact a forensic accountant’s mindset? Explain.The ZZZZ Best fraud resulted in the Treadway Commission report on Fraudulent Financial Re-porting (1987) as an attempt to reform areas that fostered frauds of the type perpetrated by Minkow. Go to www.pearsonhighered/rufus ...What is a compound annual growth rate? How is it useful to a forensic accountant?Identify and explain six attributes of white- collar crime.
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