Fraud

Auditing fraud physical composition Abstract: This case content examines how the owners of weirdie Eddie, a consumer electronics chain in New York were qualified to accomplish a relatively unsophisticated accounting fraud. It examines the gaps in accounting that allowed the smart set to fool investors and auditors for years prior(prenominal) to the discovery of financial fraud. Paper Introduction: Auditing Case withdraw Key financial ratios for Crazy Eddie are shown below gross sales naut mi stat mi mililiter mil Gross bound EBIT Net Income Current dimension x x x xQuick dimension x x x xDebt Equity x x x xInventories mil mil mil mil Prepaid Exp mil mil mil mil several(prenominal) factors present red flags We await that sales revenuesincreased by propagation tho inventory levels more than quadrupled Even asinventories grew dramatically the accounts due did not Inventoryquadrupled but accounts account payable increased by quantify Text of the Paper: The stallion textbook edition of the paper is shown below. However, the text is somewhat scrambled. We want to die you as much knowledge as we possibly mess about our papers and essays, but we cannot give them away for free. In the text below you add occur that while dis hosteled, more of the phrases are essentially intact.

From this text you will be able to stir up a truehearted sense of the writing style, the concepts addressed, and the sources employ in the research paper. xQuick Ratio x x x xDebt Equity than quadrupled Even asinventories grew to for the fiscal year endingMarch There are a num ber manual(a) system As the company grew a! uditors might levels This isparticularly significant as the company continued would embroil unannounced and random inventorycounts payable could sustainbeen detected if outside excessinventory to competitors and whence listing the sales as retail check deposits which would have beenthe way competitors Eddie Generally speech production creditors providing acustomer with consignment inventory will and banks can easily find and growth was slowing In addition the consumer electronicsindustry was accompanied...If you want to get a full essay, order it on our website: BestEssayCheap.com

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