Answer the following questions about the feature Focus on Fraud: Manitex International, Inc.: Fraudulent Manipulation of Inventory
Question:
Answer the following questions about the feature Focus on Fraud: Manitex International, Inc.: Fraudulent Manipulation of Inventory Results in SEC Enforcement Action.
a. What event initiated the fraud?
b. Where did the missing inventory supposedly travel to over the course of the fraud?
c. The fraud amounted to an overstatement of $1.4 million in ending inventory. Why was that amount considered to be material?
d. Speculate as to management’s incentives and opportunities for committing the fraud.
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a The event initiating the fraud at Manitex was the discovery that 14 million of inventory was missi...View the full answer
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