Read the following study (link below). Focus your reading on revenue recognition-related fraudulent financial reporting by opening the study, pressing Ctrl F, and typing in search terms such as "revenue" and "revenue recognition." Beasley, M., Carcello, J., Hermanson, D., & Neal, T. (2010). Fraudulent financial reporting 1998-2007: An analysis of U.S. publicly-listed companies. COSO (Committee of the Sponsoring Organization of the Treadway Commission). Retrieved from https://www.coso.org/Documents/COSO-Fraud-Study-2010-001.pdf (Links to an external site.) Address the following:

1. Identify one of the examples/types of revenue recognition fraud that is of personal interest to you and that you would be interested to possibly investigate in the future as a fraud examiner and/or a forensic accountant. For example: falsifying sales, falsifying sales-related journal entries, or the timing of invoicing and sales-related recognition.

2. Provide and explain an example of how you would use fraud data analytic techniques to perform a fraud audit of the (potential) revenue recognition fraud you chose to investigate. Be very specific as to the type of data you would request to obtain from the data input files internally from inside of the company. Provide examples of what you would be looking for in performing the fraud data analytic techniques on that corresponding data. What would you start within deciding upon your fraud data analytical design and in performing the fraud audit of the revenue recognition topic you have chosen?

Answer rating: 100% (QA)

Revenue Recognition Fraud Falsifying Sales Falsifying sales normally relates to the overstatement of ... View the full answer