Questions from Fraud Examination

Q: When looking for financial statement fraud, why is it important to

When looking for financial statement fraud, why is it important to analyze the relationship between a company and its auditors?

Q: What are some possible ways to proactively search for revenue-related

What are some possible ways to proactively search for revenue-related financial statement fraud schemes?

Q: Why is it important to follow up on revenue related fraud symptoms

Why is it important to follow up on revenue related fraud symptoms?

Q: What are some of the most common inventory related financial statement fraud

What are some of the most common inventory related financial statement fraud schemes?

Q: What are some of the ways to proactively search for inventory-

What are some of the ways to proactively search for inventory-related financial statement fraud schemes?

Q: What are common-size financial statements?

What are common-size financial statements?

Q: Why do you suspect that revenue-related financial statement fraud schemes

Why do you suspect that revenue-related financial statement fraud schemes are most common and inventory-related fraud schemes are next most common?

Q: What is the effect on net income of not recording sales returns

What is the effect on net income of not recording sales returns?

Q: 1. Segregation of duties is an important control in preventing e

1. Segregation of duties is an important control in preventing e-business fraud. 2. Digital signatures use human features to create secure access controls. 3. Biometrics is a form of authorization...

Q: What is the effect on net income of overstating ending inventory?

What is the effect on net income of overstating ending inventory?