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QUESTION 11 Reference the www.cfenet.com article Ghost Goods: How to Spot Phantom Inventory the auditors might have been able to spot the fraud if they

QUESTION 11

Reference the www.cfenet.com article Ghost Goods: How to Spot Phantom Inventory the auditors might have been able to spot the fraud if they asked the question:

Why are the executives being paid so much?
Why are so many goods stored in an off site warehouse.
How can a company make money by selling goods below cost?
How can a company make a profit with high acquisition costs?

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