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IT is forensic accounting al years ago, a medical device company was charged with impro ximately RM1.5 million in revenue from bill-and-hold transactions d orders

IT is forensic accounting

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al years ago, a medical device company was charged with impro ximately RM1.5 million in revenue from bill-and-hold transactions d orders with the medical device company for a total of approxima articular product in April and July. As part of the agreement with t cal device company invoiced the distributor for the total 15,000 ur 0,000.00 in September, but held the product at its own refrigerate butor requested the product, which did not occur until March the fo mpany still recorded the revenue in the previous year. ist down three (3) accounts that this fraudulent transaction would eason for each account listed. ist and briefly explain five (5) techniques that an auditor could us ature of the relationship between the company and its distributor roducts

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