Case Three During an investment appraisal exercise, the senior management team of a national logistics company became
Question:
Case Three During an investment appraisal exercise, the senior management team of a national logistics company became aware that the management accounts of a subsidiary were incorrect, but was unsure if this was due to fraud or error. An HR expert’s investigation revealed that the accountant responsible for preparing the accounts was not suitably qualified or experienced to fulfil the role and the HR and due diligence processes in place were inadequate. No evidence of checks for references, qualifications or ‘Right to Work’ had been performed.
Required
1. In each of the cases above clearly state what will be your role as a forensic accountant and the end results you will be aiming to achieve, state the type of crime or irregularity in each of the above cases.
2. Explain how you will go about investigating each of the above cases as a forensic accountant.
3. State the charges that might be imposed on the persons involved in the scams, if any in each of the above cases if found wanting
Expert Answer:
1As a forensic accountant my role would be to investigate the financial records in order to determin... View the full answer
