Mountain State Sporting Goods
(Fraud Investigation Phases I-III.)
4-5 pages
The Mountain State Sporting Goods is an example of a corporate fraud investigation. The chapter consists of a discussion of the phases of a fraud investigation. Your assignment is to write a memo describing your findings after performing the Phases in conducting such a fraud investigation.
Phases I-III are as follows:
Phase I: a) identify red flags for fraud and b) develop a fraud hypothesis
Phase II: test hypothesis via a) financial statement analysis and b) journal entry testing
Phase III: refine and confirm hypothesis via interviews
A copy of your written responses should be handed in at the beginning of class. Your responses do not need to be entered into Blackboard.
Some helpful hints (hopefully)
1) As you will see this assignment builds off the analysis we did previously , however it is more complex so you will need to keep calm as you try to work through the Phases.
2) Phase I is straightforward and think of the kinds of red flags we have talked about in previous classes including internal controls or lack thereof.
3) Phase II will require financial statement analysis similar to what we have done. There is no cash flow statement so you will need to compile one.
4) For the journal entry testing you may have some difficulty if you have not had much training with journal entries. If so try your best and if you are stumped we will go over this in detail in class.
5) For the interviews you will look at as part of Phase III you should list the information from the interviews that helps support your previous findings. For instance there is a lot of information in the interviews about the pawn shop and accounting for pawn shop activities. If you had not previously considered the pawn shop activities as a problem area ( red flag), you may want to go back and look closer at the pawn shop activity.
Choose an academic level, add pages, and the paper type you want.
To reduce the cost of our essay writing services, select the lengthier deadline.
We can't believe we just said that to you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more
Recent Comments