Question

Mr. Green noticed there were some forged and altered receipts when auditing XYZ firm. This is a red flag of Select one: a. Al

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans a. All three of the other choices.

When some forged and altered bills are found there are signs of fraud under Fictitious Expense, Overstated Expense and Mischaracterised Expense.

For any queries please comment

If you are satisfied with the answer, please click the LIKE THUMB.

Add a comment
Know the answer?
Add Answer to:
Mr. Green noticed there were some forged and altered receipts when auditing XYZ firm. This is...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Worthington Department Stores Auditing standards require the auditor to obtain sufficient appropriate audit evidence (AS 1105.04:...

    Worthington Department Stores Auditing standards require the auditor to obtain sufficient appropriate audit evidence (AS 1105.04: Audit Evidence). The audit firm of Hepple & Ramsey was investigated for the audit of Worthington. Worthington is a large discount catalog department store chain. The company recently expanded from 6 to 43 stores by borrowing from several large financial institutions and from a public offering of common stock. A recent investigation has disclosed that Worthington materially overstated net income. This was accomplished by...

  • BUSINESS ANALYTICS Mr. James Hatton was the proprietor of a real estate firm specializing in inve...

    BUSINESS ANALYTICS Mr. James Hatton was the proprietor of a real estate firm specializing in investment properties in the Vancouver area. Mr. Hatton’s business had done well during the real estate boom in the Vancouver area. Just recently a prospective client who held land for speculation offered Mr. Hatton exclusive listing of three properties subject to some special restrictions which the client felt would ensure that Mr. Hatton would market the properties with due diligence. The location of these properties...

  • 50. The Green Natural Wellness Company, aka GNWC, sells select, high-end nutritional and health and beauty products to s...

    50. The Green Natural Wellness Company, aka GNWC, sells select, high-end nutritional and health and beauty products to small health food stores throughout the United States. Its headquarters and warehouses are located in Clear Lake, Texas, only a couple of miles from the NASA Space Center. GNWC’s key success factor is its ability to quickly bring to market new products before other suppliers do. The company has two full-time buyers who spend all their time traveling around the world in...

  • Styles Editing Voice ABC CORP BALANCE SHEET These Fixed Operating costs included al utilities, all insurance,...

    Styles Editing Voice ABC CORP BALANCE SHEET These Fixed Operating costs included al utilities, all insurance, all rent, all property taxes, and all labor charges Fixed Operating costs fother than depreciation expense) are paid for immediately, as they are incurred Fixed Operating costs were spread evenly throughout the year 2010. With regard to the size and timing of these costs, it is anticipated that the experience of 2010 will be repeated in 2011 Therefore, we anticipate cash payments associated with...

  • Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John...

    Fraud at Berry, CPA’s BERRY, CERTIFIED PUBLIC ACCOUNTANTS Brief History of the Firm In 1999, John Berry graduated from college with an accounting degree. After 10 years at an international accounting firm, John decided to start his firm, Berry, CPA’s. The firm, located in Oakwood, caters to local clients; specifically, John and his staff of four professionals specialize in non-public companies. The majority of the services provided by Berry, CPA’s are tax planning and preparation; however, the firm also performs...

  • Select two of the discussion questions and analyze the case study using project management principles. Apply...

    Select two of the discussion questions and analyze the case study using project management principles. Apply your knowledge of project management to the facts presented in the case study to describe how you would proceed. We only need to answer one of the questions. A thorough answer will probably require 300 to 500 words for each question.   Feel free to use text bullets, tables, or graphics to summarize your points. Questions Q1: Make or Buy decision – Describe the make...

  • Game Description: Most of you have played a very interesting game “Snake” on your old Nokia...

    Game Description: Most of you have played a very interesting game “Snake” on your old Nokia phones (Black & White). Now it is your time to create it with more interesting colors and features. When the game is started a snake is controlled by up, down, left and right keys to eat food which appears on random locations. By eating food snake’s length increases one unit and player’s score increases by 5 points. Food disappears after 15 seconds and appears...

  • Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to...

    Question 1 For a firm to recognize revenue, it must 1 point Have delivered something to the customer have received at least some cash from the customer be earned and realized/realizable either have received cash or have a signed contract 2. Question 2 Your friend Yong has a company making and selling watches with bands that are customized to match university colors. The business started locally, but now has expanded around the world. His strategy is to sell in bulk...

  • Please list 5 inherent risk related items the assignment requires to list 5 inherent risks from...

    Please list 5 inherent risk related items the assignment requires to list 5 inherent risks from the description of the company that an auditor may take when deciding to accept this new client. Emphasis Heading 1 Heading 2 Heading 3 Heading 4 Description of Southwest Appliance, Inc. History and Corporate Structure Southwest Appliances, Inc. specializes in supplying a relatively small line of high-quality household appliances to residential construction contractors in a large and growing metropolitan area. Southwest has a large...

  • help please. questions 5-16 please PATIENT CASE HPI Mr. H.Y. is a 63-year-old male, who presents to...

    help please. questions 5-16 please PATIENT CASE HPI Mr. H.Y. is a 63-year-old male, who presents to the ER with a two-day history of high-grade fever with chills. "I don't feel well and I think that I may have the flu," he tells the ER nurse and physician. He also complains of "some painful bumps on my fingers and toes that came on last night." He denies IVDA. When asked about recent medical or dental proce- dures, he responded: "I...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT