Case Study: Common Accounts Payable Risks And How To Mitigate Them

Question 3 The case study discusses internal and external fraud during the cycle. There are other types of fraud that also need to be considered as part of the Purchases and Acquisitions Cycle. 3.1 Using examples, discuss the other types of fraud in the Purchases and Acquisitions Cycle? (10 marks) 3.2 Discuss the different types of Financial Statement Assertions during the Purchases and (15 marks) Acquisitions Cycle