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How do I arttach the documents needed to be reviewed to help respond to the questions? Your observations from the depreciation schedule prove to be

How do I arttach the documents needed to be reviewed to help respond to the questions?

Your observations from the depreciation schedule prove to be fruitful, so you request both sets of financial statements and notes (see attached). From these, and with your team, consider the following, perform the following tasks. Create a 350-700 word page for the instructor outlining what you observe in this data. NOTE: Analytic principles for this assignment can also be obtained from Fraud Examination, 5th Edition Chapters 11 13 and from Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance, 2nd Edition, Chapter 6: When reviewing these financial statements consider these investigative techniques: o Strategic Reasoning (Chapter 11 and Sherlock Holmes) Please consider any and all pertinent information from the Week One Scenario Compare the two sets of financial statements and make some observations on initial reactions Consider which, if any of the following abuses in financial statement presentations, are possible or applicable to these statements and why (see Chapter 11 and Chapter 6) o Cooking the Books o Corporate Looting o Insider Trading o Excessive CEO and Top Management Perks o IPO Favoritism o Excessive Perks o Quid Pro Quo o Excessive Debt Which of the following circumstances may be applicable to potential abuses with these financial statements (see Chapter 11 and Chapter 6) o Booming or Troubled Economy o Decay of Moral Values o Misplaced Incentives o High Analyst Expectations o High Debt o Focus on Accounting Rules vs. Principles o Lack of Auditor Independence o Greed Financial statement fraud is often committed at the highest levels of the organization and with cooperation of a number of individuals (collusion). When reviewing these financial statements, consider, discuss and include in your memo the following. Use the series of related questions in Chapter 11 when considering these: o Top managements background, motivations and influence o Potential involvement of outsiders including banks, lawyers, auditors, regulatory bodies, potential investors, related organizations and individuals Consider special Revenue and Inventory matters (see Chapter 12) Consider special Liability, Asset and Inadequate Disclosures (see Chapter 13)

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