Refer to the Focus on Fraud feature Examples of Fraud in Inventory. The AICPA's Practice Alert described
Question:
a. What are the four techniques that companies use to commit inventory fraud?
b. What analytical procedures may indicate inventory fraud?
c. Who are the most common perpetrators of inventory fraud?
d. List at least five indicators of heightened risk for inventory fraud.
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Related Book For
Auditing A Risk Based Approach to Conducting a Quality Audit
ISBN: 978-1305080577
10th edition
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
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