Question: Please Help! Thank you! 3) You, as the external auditor, are suspicious about the firm under audit committing financial statement fraud by some type of
Please Help! Thank you!
3) You, as the external auditor, are suspicious about the firm under audit committing financial statement fraud by some type of inventory scheme which violates matching the expenses with revenue when earned. The following information is available to you. Based on this data, use the pertinent financial ratios and any other evidence to convince your audit supervisor, me, that fraud is being committed by the firm and explain how the firm appears to be running the scheme. ( 15pts)
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