Hid [Objective HI] Grande Stores Is a large discount catalog department store chaln. I he companvr has recentlv expanded from :5 to 43 stores bv borrowing from several large nancial institutions and from a public offering of common stock. A recent investigation has disclosed that {Brande materiallyr overstated net income. This was accomplished lav understating accounts pavable and recording ctitious supplier credits that further reduced accounts pavable. An SEC investigation was critical of the evidence gathered 13v Grande's audit rm, ll-lontgornerllr & Ross, in testing accounts pavable and the supplier credits