Question: Obtain an article written by Rose and Rose published in the August 2003 edition of Journal of Accountancy entitled Turn Excel into a Financial Sleuth.

Obtain an article written by Rose and Rose published in the August 2003 edition of Journal of Accountancy entitled “Turn Excel into a Financial Sleuth.” (You may access the article via a link at www.pearsonhighered.com/rufus.)

1. Read the article and download the Fraud Buster spreadsheet using the link provided by the authors.

2. Analyze the results shown in Fraud Buster for the first- digit and second- digit tests. How are the analysis tables structured, and what do they show?

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