$**$

That expanded testwork led to the discovery that the manager at the Aspen store was stealing payments by customers on accounts. That's why the subledger was out of balance with the GL$.$ To cover it up$,$ the manager debited the sales account, which was why the gross margins didn't make sense.$$

$20$

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:$$

$1.$

Is this an example of fraudulent financial reporting or misappropriation of assets?$$

$2,$

What created an opportunity to commit the fraud?$$

$3.$

$4.$What was the "trail" created by the fraud, that is$,$ what circumstances tipped off the auditors that a fraud might have occurred?$$

The staff accountant originally mi