Question: Task 1: Read the case and examine the tables and Figure 1 carefully. During your reading, highlight any concerns or possible issues (red flags). List

 Task 1: Read the case and examine the tables and Figure

Task 1: Read the case and examine the tables and Figure 1 carefully. During your reading, highlight any concerns or possible issues (red flags). List all concerns and issues in your memo to your forensic team manager. Note: Suggested resources for examples of red flags include AICPA's Statement on Auditing Standards No. 99, Consideration of Fraud in a Financial Statement Audit, and fraud examination books such as Fraud Examination, Cengage Learning, 5th ed. (W. Albrecht, C. O. Albrecht, C. Albrecht, and Zimbelman 2016). Task 2: Evaluate whether the possible issues (red flags) identified in Task 1 are indicative of fraud. Mark these clearly on the list in the memo prepared in Task 1. Choose any two of these potential frauds. For each of these two potential frauds, draw a basic flowchart showing what should happen and what actually happens. Be sure to include an

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