A small manufacturing company employed in investment banking firm to help get its house in order. The
Fantastic news! We've Found the answer you've been seeking!
Question:
a. What could've been done to prevent this deception?
b. Show what this deception looks like with both income and balance sheets with fraud intent, and what it should look like being honest. Assume 40% of the soul product was rejected. Show both for three months. Consider the factoring cost to be 8% and some 80% of the AR being factored.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date: