Discuss different scenarios on how fraud is perpetrated through the classification of inventory.

Step 1Search the following.

Some of the largest business frauds ever perpetrated have involved the misstatement of inventory. Two classic examplesareLeslie FayandMcKesson Corporation.There is considerable information regarding inventory frauds available on the Internet. Search for information about aboutinventory fraud at any company.(Use companies other than Leslie Fay and McKesson Corp.)

Step 2Post to the discussion board.

Respond to the following questions and, if appropriate, include personal experience as part of your answers.

• mention a short explanation of the nature of the inventory fraud.
• Who was effected by the fraud?
• How could this have been prevented?