It was determined that there was fraud present at Husky Corporation, so you will be auditing the Accounts Receivable of Husky Corporation using ACL to help you perform the audit procedures. The Accounts Receivable general ledger balance as of December 31, 2013, is $4,263,919.52. Your audit will consist of analyzing the unpaid invoices, identifying customers with balances over their credit limit, and aging the unpaid invoices as of December 31, 2013.

I have performed the auditing procedures, I am in desperate need of help with the following questions:

Evaluate the information and results of the audit process. Share the reasons for why and how this case was deemed fraudulent, and provide detail. How were these findings discovered?

Reflect on the intricacies of the case, and make recommendations to prevent it from happening again.