What irregularities should a fraud examiner look for in a firms fixed assets?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
Fixed assets are the main target in assets audit because generally these comprise the most important ...View the full answer
Answered By
Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
4.60+
16+ Reviews
28+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Managerial Accounting questions
-
A fraud examiner was called into a business because of a suspicion of fraud. An assistant manager in a bookstore is taking books off the shelf, bringing them to the return book area, completing a...
-
What are some considerations a fraud examiner should keep in mind when organizing documentary evidence? Which method of evidence organization is preferred?
-
Look again at Table. Suppose that B Corporations fixed assets are reexamined and found to be worth $12 million instead of $9 million. How would this affect the AB Corporations balance sheet under...
-
Consider X[k] be the N-point DFT of an N-point sequence x[n]. (20 %) x [n] = {1, -2, 1, 3} x [n] = {0, 2, -1,0,0,4} (a) Determine the linear convolution x [n] * x [n] (5%) (b) Determine the...
-
The tapered aluminum pin fin shown in Figure P3-72 is circular in cross section with a base diameter of 1 cm and a tip diameter of 0.5 cm. The base is maintained at 200C and loses heat by convection...
-
Let r(t) =(3t + 1, 4t 5, 2t). (a) Evaluate the arc length integral s(1) = f( ||~ (1)|| du. (b) Find the inverse g(s) of s(t). (c) Verify that r(s) = r(g(s)) is an arc length parametrization.
-
The current through an inductor of inductance \(L\) is given by \(I(t)=I_{\max } \sin (\omega t)\). (a) Derive an expression for the induced emf in the inductor as a function of time. (b) At \(t=0\),...
-
Some conditions for internal control follow. a. Transactions are executed in accordance with managements general or specific authorization. b. Transactions are recorded as necessary to permit...
-
24. A water jet whose cross section area is a striker wall making an angle e with the normal and rebounds elastically. The velocity of water of density d is v. Force exerted on wall is :- 0 (1) 2avd...
-
Richard chooses technique 0 and 2 requiring 10+10-20 efforts and provising 10+11=21 benefits. Hence, 21 is returned as the output Example 2: input1: 3 input2: (10,10,10,10) input3: (10,11,12,15)...
-
Employee socialization is one method that can increase employee retention. Why? Explain how you plan to retain employees in a traditionally high turnover industry (more money is not a plan).
-
The profitability index (PI) of a project is 1.0. What do you know about the project's net present value (NPV) and its internal rate of return (IRR) from the PI?
-
Astudy of 800 homeowners in a certain area showed that the average value of the homes was $82,000, and the standard deviation was $5000. If 50 homes are for sale, find the probability that the mean...
-
5. Command to list all auditd rules: [Enter answer here] 6. Command to produce an audit report: [Enter answer here] 7. Create a user with sudo useradd attacker and produce an audit report that lists...
-
A profit-maximizing firm will use less of a factor of production when: The extra cost of using an additional factor unit is greater than the marginal revenue product of the additional factor unit. O...
-
A company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows:...
-
A is a start - up company operating in the social network space. It believes it can become the next facebook with its new user experience. However, it has not been able to attain the aspired user...
-
Efficiency means O resources are distributed in a fair manner. O the production of one good cannot be increased without decreasing the production of another good. O all material wants are satisfied....
-
Explain why aqueous solutions of [Sc(H 2 O) 6 ]Cl 3 and [Zn(H 2 O) 4 ]Cl 2 are colorless, but an aqueous solution of [Fe(H 2 O) 6 ]Cl 3 is not.
-
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.
-
What is a breadcrumb trail in Web design?
-
Pet Corporation owns 90 percent of Sod Corporation's common stock and Sod owns 15 percent of Pet, both acquired at fair value equal to book value. Separate incomes and dividends of the affiliates for...
-
Pug Corporation acquired a 70 percent interest in Sat Corporation for $238,000 on January 2, 2010, when Sat's equity consisted of $200,000 capital stock and $50,000 retained earnings. The excess is...
-
The affiliation structure for Pad Corporation and its subsidiaries is diagrammed as follows: The incomes and dividends for the affiliates for 2011 are (in thousands): ADDITIONAL INFORMATION1. Axe...
-
The community nursing service team provides nursing care to patients in the community, Discuss?
-
Why are angiosperms so diverse (when compared with non-flowering lineages of plants)? How expensive flowers are to produce for the plant (they cost lots of ATP to make); what benefit do they provide...
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct labor...
Study smarter with the SolutionInn App