Read the following scenario and answer the following questions: Your boss has presented you with a fraud case which occurred at a manufacturing plant of a major auto supplier. In this case, circumstantial evidence has been collected that indicates the plant manager has been incorrectly booking revenues and costs to increase the performance level of the plant, and thus increase the bonus payout for himself and the remainder of the plant leadership team. You have been asked to employ the net worth method to provide evidence to support these claims. Available information includes the financial statements of the facility for the past five years and access to base activity information (invoices, etc.) to support the financial statements.

• How would you go about this investigation and why?

• What key information would you request to support the analysis and why?

• What specific steps would you take to identify the fraud and why?

Answer rating: 100% (QA)

When a person is suspected to be committing fraud with business one of the most effective techniques ... View the full answer