You are involved as an expert witness in a case of alleged fraud by top management against

Question:

You are involved as an expert witness in a case of alleged fraud by top management against the corporation. Supposedly, working in collusion, top management defrauded the company of $5million over two years. The allegations suggest that the fraud involved stealing $5 million and then concealing the fraud by overstating expense accounts and manipulating accounts.
Following the initial discovery of this alleged fraud, shareholders of the company brought a lawsuit against top management. The prosecuting attorney for the shareholders has retained you to assist as an expert witness in this case. The case has already moved into the discovery phase.
What will your role likely be as an expert witness? At what point in the process will you be most involved? What might you do to assist the prosecution as much as possible?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...