Becoming aware of red flags associated with financial statement fraud will enable forensic accountants to perform their analyses of financial information more effectively. Auditors will also benefitbeing able to recognize these red flags will assist auditors in the fraud risk assessment process required by SAS No. 99.

Locate two articles concerning financial statement fraud at two different organizations (your articles should involve fraud schemes within the last 5 years). The first article will be an example of fraud involving revenue manipulation; the second article will be an example of fraud involving expense manipulation.

Discussion topic 1: Revenue Fraud

In your initial response, summarize your article and list the fraud risk factors that you found in this case. Then respond to other students responses in a substantive manner per your Syllabus.