Question
The accountant for a medical company came to his manager and said that the net profit for the company in the current year is down
The accountant for a medical company came to his manager and said that the net profit for the company in the current year is down from what would be expected. The manager looked at the numbers and agreed. They suspected fraud in the warehouse and that it was an inside job. The boss asked for ways in finding the fraudster(s).
Question 1- Speculate as to what type of analyses did the accountant do to help uncover the possibility of fraud?
Question 2 - What steps would the accountant recommend to help identify possible suspects? Describe
Question 3 - What steps would the accountant recommend to help find the fraudster(s)?
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