Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are an internal auditor and suspect that an employee is committing fraud. Based on interviews, the employee has told his co-workers that he started

You are an internal auditor and suspect that an employee is committing fraud. Based on interviews, the employee has told his co-workers that he started investing extra money in the stock market. Your would like to obtain the purchasing manager's tax returns and brokerage statements for your investigation. Which of the following statements is true?

Select one:

a. Because the IRS is a federal government agency, you can obtain the tax returns by making a request under the Freedom of Information Act.

b. The IRS might provide his tax returns to you if the purchasing manager's co-workers told you that he may also be committing tax fraud.

c. The information may be available from public databases or paid subscription services such as Lexis Nexus.

d. You might be able to obtain the brokerage statements and tax returns if you pretend to be the employee, phone the brokerage company and the IRS and provide the employee's information (such as Social Security, date of birth, etc.)

e. You can obtain the tax returns and brokerage statements by asking the employee to voluntarily provide them to you.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Budgeting Auditing And Evaluation Functions And Integration In Seven Governments

Authors: Andrew Gray

1st Edition

0765807246, 9780765807243

More Books

Students also viewed these Accounting questions