The readings this week discuss both fraud and non-fraudulent losses in the AP/CD process. Describe any losses you have encountered in your personal bill paying process. Did you change any aspect of your bill paying process after the loss(es) you encountered? What industry do you believe is a leader in enterprise systems implementations? Discuss what you think are the major contributing reasons for that leadership. With the convergence of U.S. GAAP and IFRS standards moving forward, there is the possibility of the elimination of the LIFO inventory valuation method. If this happens, what will be the impact on manufacturing operations