Accounting Homework Help

5-1 Discussion: Finding Hints of Fraud Within Financial StatementsPrevious Next 

Review the case studies from the readings thus far in the course and examine them in terms of what information within the financial statements could have been hints that fraud was in play. After considering the various case studies in the readings, answer the following question: What would cause an auditor’s concern in terms of odd or unexpected relationships among the elements within the financial statements?Next, analyze the fictitious financial statements spreadsheet and locate any odd or unexpected relationships among the elements of the statements that could indicate fraud.