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During the past year, Kevin Marks, CEO of AKO Corporation, has read about several different frauds occurring in the high-tech industry. A majority of the
During the past year, Kevin Marks, CEO of AKO Corporation, has read about several different frauds occurring in the high-tech industry. A majority of the frauds that have been reported were committed by overstating revenues and accounts receivable. Kevin wants to make sure that the AKO's revenues are not inflated. Kevin has asked you, one of his internal auditors, to determine whether or not there is any revenue-related fraud. Explain the three different types of financial statement analysis that you could perform in order to detect fraud.
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