Discovery of fraud in audit

Assignment Help Auditing
Reference no: EM1350991

As an auditor for Franken's Markets you have discovered fraudulent activities. In your previous discussions with management, no one with the Franken organization identified fraudulent behavior or activity and any questions related to such matters were met with defensive behavior. How would you address this situation?

About 200 words, one reference.

Reference no: EM1350991

Questions Cloud

Audits-cpa-financial-compliance-operational : Explain what the following five words mean to you non CPA audit, financial audit, compliance audit, operational audit, fraud audit
Responding to employee reference checks : Examine the strengths and weaknesses of this message. Revise it so that it follows the guidelines for responding to requests for recommendations
Several consumers and consumer advocates are critical : Several consumers and consumer advocates are critical of individualized segmentation approaches due to personal privacy concerns
Controlling the growth in health care : One method commonly used by governments and private health insurers to control increments in health care spending are limits to reimbursement to providers.
Discovery of fraud in audit : As an auditor for Franken's Markets you have discovered fraudulent activities. In your previous discussions with management, no one with the Franken organization identified fraudulent behavior or activity and any questions related to such matters ..
Stages of piagets theory of cognitive development : Create a chart in which you describe the stages of Piaget's Theory of Cognitive Development. For each stage, identify a task that a child could perform.
Regarding significance of fraud : Provide and discuss some of the evidence regarding the significance of fraud in the United States.
Explain how would you defend the use of swot analysis : Explain How would you defend the use of SWOT analysis for starting off your project
Relating errors-frauds-audit procedures-assertions : Indicate the specific detailed test or tests that might address the error, fraud, or circumstance and the financial statement assertion addressed by each test.

Reviews

Write a Review

Auditing Questions & Answers

  Audit theory and assurance

A Business report identifying auditing procedures and practices

  State the level of materiality

State the level of materiality as immaterial, highly material or material. If you cannot select the level of materiality, state the extra information needed to make a decision.

  Tyco financial scandal

Discuss how internal control problems may have contributed to the failure of Tyco International. Describe these problems and their cause. What would you have done differently, if you had been in charge (be specific)?

  Limitations of effective internal control procedures

A significant component of an audit program is the examination of the organization's internal control procedures and if they are being followed.

  Recognize and discuss the pressures faced by andy card

Differences between the book value and the fair value of the identifiable assets of Salem Company

  Reporting on internal control-public companies

The profession has argued for decades about the advisability of mandatory reporting on internal control by public companies and by governmental entities. In the 1970s and 1980s,

  Methods of evaluating performance

Describe methods of evaluating performance to increase productivity and profitability. List the characteristics of control systems

  Responsibility of auditors

"Accounting firms must be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year". Write down a response disagreeing with the above statement

  How large would the salvage value of the automated equipment

How large would the salvage value of the automated equipment have to be to make the investment in the automated equipment financially attractive?

  Internal control at drotos theaters

Your CPA firm has just been engaged as the independent auditors for Drotos Theaters. The theater chain is opening a new theater in one month.

  Conduct a full situational audit

Conduct a full situational audit of the Shangri-la hotel in Singapore and prepare a strategic plan for the next three years.

  Internal control-management

Internal control has gained increasing importance among management, external auditors, regulators, and others. Use a specific example that illustrates the answer.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd