Muhamad, a Fraud examiner was hired by a Public Listed company to investigate whether the cash flow shortages were the result of financial mismanagement or asset misappropriation.

During the investigations, Muhamad noticed the following issues:

1. Two separate financial accounting systems had not been fully implemented and beginning balances never entered, resulting in the inability to produce relevant and reliable financial statements.
2. Bank deposits were maintained in a manual ledger and frequently not entered into the financial accounting system until months later.
3. Bank reconciliations were not performed timely - many were performed more than a year after the statement date.

Required:

Discuss in details the Investigation Techniques, direct or indirect methods by which the Fraud examiner recovered above Three issues (Forensic Accounting)