You have been hired as a fraud auditor to examine the assets of a company that recently

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You have been hired as a fraud auditor to examine the assets of a company that recently filed for Chapter 11 bankruptcy. The company manufactures and sells circuit boards for children’s computerized toys. You have access to its financial statements and warehouses. The company is a closely held corporation. The company is suspected of fraudulently concealing assets. Give three red flags that you would look for to indicate fraudulent asset concealment.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

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