Question: CEO's horizontal analysis For Short Case #7, CEO has performed horizontal analysis on financials The company financials have shown that sales have been increasing at

CEO's horizontal analysis For Short Case #7, CEO has performed horizontal analysis on financials The company financials have shown that sales have been increasing at 3% rate per year, and inventory has risen at 29% per year. #1: Could fraud be occurring? Why or Why not? #2: Assuming that fraud is being committed, how would you investigate? Short Case #8: First digit frequency transactions by Benford's Law For Short Case #8, Compare first digit frequency in the transactions by Benford's Law. What are the results? Please show your graph to make it easy to see. Could fraud be occurring in this organization? Why or Why not

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