Questions from Fraud Examination

Q: Perform horizontal analysis of the data in the previous table to indicate

Perform horizontal analysis of the data in the previous table to indicate any potential red flags regarding possible overstatement of sales.

Q: Perform vertical analysis of the data in the previous table to indicate

Perform vertical analysis of the data in the previous table to indicate any potential red flags regarding possible understatement of the COGS.

Q: 1. Telling a significant lie and getting away with it during

1. Telling a significant lie and getting away with it during an interview is usually very difficult if the interviewer is well trained. 2. If a suspect continually repeats phrases, words, or your que...

Q: Fraud investigators found that 70 percent of the nearly $!60 million

Fraud investigators found that 70 percent of the nearly $!60 million in sales booked by an Asian subsidiary of a European company between September 2006 and June 2007 were fictitious. In an effort to...

Q: Tool Co. is a medium-sized company that buys copper

Tool Co. is a medium-sized company that buys copper rod and plastic materials to produce insulated copper wiring. Tool Co. operates out of a single building of about 500,000 square feet that includes...

Q: Decide whether each situation is or is not a symptom of revenue

Decide whether each situation is or is not a symptom of revenue fraud. Then explain 1. why the situation is or is not a symptom and 2. if it is a symptom, how it would be found using computer querie...

Q: Your auditing firm has just landed a new client a large software

Your auditing firm has just landed a new client a large software company managed by two brothers who together own IS percent of the stock. You learn that the company fired its last auditor. You also n...

Q: John is the manager of a small computer sales and support chain

John is the manager of a small computer sales and support chain. He has stores located throughout the state of California and is in strong competition with all of the major computer providers within t...

Q: On a beautiful spring morning in 2015, Stephen Lowber, chief

On a beautiful spring morning in 2015, Stephen Lowber, chief financial officer of Cutter and Buck, Inc., slowly arose from his bed, walked across the bedroom floor, and gazed out the window. It was a...

Q: In November 2017, Wehav Funds, a profitable engineering firm,

In November 2017, Wehav Funds, a profitable engineering firm, signed a Joan guarantee as a third party for No Certainty Company, a newly formed organization focused on pharmaceutical research and deve...