Question
Assume that you have been asked to perform an examination and report on your findings, conclusions, and opinions. Assume that weather has been alleged as
Assume that you have been asked to perform an examination and report on your findings, conclusions, and opinions. Assume that weather has been alleged as interfering with company performance and contractual arrangements clearly provide for additional compensation during periods of poor weather.
Case discussion: Answer the following questions:
- Name at least five industries that might be affected by weather.
- Is it appropriate for the forensic accountant/fraud examiner to examine the effect of weather? Why? Why not?
- What if contractual provisions state that the contractor should consider, evaluate, and incorporate all aspects that might affect its ability to complete the work on-time and on-budget. Under those circumstances, is it appropriate for the forensic accountant/fraud examiner to examine the effect of weather? Why? Why not?
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
