Waste management case study

Wage management fradualently reported earnings in a number of ways. Given the descriptions in the case, prepare journal entries to correct the errors.

What assertion did the management violate for each of these accounts? Did waste management violate any other assertions not relates to accounts?

Discuss how the auditors failed. Consider framing your discussion in terms of professional standards that they violated.

What were the inherent risks of the business environment that put pressure on waste management to report fraudulent financial statements?