Question: Premier Construction, is a medium sized construction firm with about 300 employees. The company had grown from a two man partnership to the current 300

 Premier Construction, is a medium sized construction firm with about 300

Premier Construction, is a medium sized construction firm with about 300 employees. The company had grown from a two man partnership to the current 300 employees over the last three years. The management of the firm was headed by one of the partners son, John Junior. He was a hot tempered and determined young man, who focused on increasing the net worth of the company at all means. He had taken on a big project in the last year, and the basis of the payments was on a monthly basis depending on the percentage of work done. The project was a success and had increased the liquidity of the company, enabling the company to invest in more projects and assets. However, John Junior was now facing a stumbling block as the main client had been issued a stop order due to the lack of licensing approvals. The company was facing a severe cash flow problem at the moment, with post dated cheques issued becoming due. The other partner is concerned and has asked you to investigate the case,and if any fraudulent motives could be found REQUIRED: Identify the symptoms of fraud that appear to exist at Premier Construction and the discuss the investigation of the case

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