Question
Describe the nature of financial statement fraud. (2 marks) Nature of financial statement fraud Identify ten revenue-related fraud schemes studied in this unit. (5 marks)
- Describe the nature of financial statement fraud.
(2 marks)
| Nature of financial statement fraud |
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- Identify ten revenue-related fraud schemes studied in this unit.
(5 marks)
| Ten revenue-related fraud schemes |
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- What 3 major conclusions can be drawn from the ratios below about the companys future? Explain.
(3 marks)
| Ratio | 20X1 | 20X2 | 20X3 | 20X4 |
| Current ratio |
1.75 |
1.53 |
1.58 |
1.23 |
| Quick ratio |
1.05 |
0.85 |
0.89 |
0.68 |
| Return on assets |
0.07 |
0.06 |
0.07 |
-0.10 |
| No. | Major conclusions about the companys future |
| 1 |
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CAT Paper 8 Implementing Audit Procedures
Authors: BPP Professional Education
1st Edition
0751723126, 978-0751723120
