Discuss in details the investigation techniques

Assignment Help Accounting Basics
Reference no: EM132558817

Question - Muhamad, a Fraud examiner was hired by a Public Listed company to investigate whether the cash flow shortages were the result of financial mismanagement or asset misappropriation.

During the investigations, Muhamad noticed the following issues:

1. Two separate financial accounting systems had not been fully implemented and beginning balances never entered, resulting in the inability to produce relevant and reliable financial statements.

2. Bank deposits were maintained in a manual ledger and frequently not entered into the financial accounting system until months later.

3. Bank reconciliations were not performed timely - many were performed more than a year after the statement date.

Required - Discuss in details the Investigation Techniques, direct or indirect methods by which the Fraud examiner recovered above three issues.

Reference no: EM132558817

Questions Cloud

How Siti Khadijah should investigate the allegations : A private Investment Bank made a stock purchase for 100% interest in Qiyam company. How Siti Khadijah should investigate the allegations
Find what is the net present value of the cash flows : The company can purchase the cars, as in the past, What is the net present value of the cash flows associated with the purchase alternative?
PMAN637 Project Risk Management Assignment : PMAN637 Project Risk Management Assignment Help and Solution, University of Maryland Global Campus - Assessment Writing Service
Describe the future viability of the organization : Predict the future viability of the organization if no changes are made based on the SWOT analysis, and provide an explanation of the rationale supporting.
Discuss in details the investigation techniques : Discuss in details the Investigation Techniques, direct or indirect methods by which the Fraud examiner recovered above three issues
What is the project internal rate of return to the percent : What is the project's internal rate of return to the nearest whole percent? Would the company want Casey to pursue this investment opportunity?
Find and solve trailer return on investment : Assuming an imputed interest rate of 10 per cent, calculate Trailer's return on investment (ROI) and residual income. Explain what each calculation of ROI.
What will operating income be if units sold double to units : Total Variable Costs $300,000 Fixed Costs $200,000 Units sold 50,000 units What will operating income be if units sold double to 100,000 units?
Prepare journal entries to establish the fund on January : Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse fund and increase it to $280 on January

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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