Explore BrainMass
Share

Irregularities a Fraud Examiner Should Look for in the Accounts Receivable Area

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

What irregularities should a fraud examiner look for within a firm where inventory or fixed assets are present or in the accounts receivable area of a firm?

© BrainMass Inc. brainmass.com October 25, 2018, 5:11 am ad1c9bdddf
https://brainmass.com/business/accounts-receivable-management/410080

Solution Preview

There are several irregularities a fraud examiner can look for in each of the specified areas.

When testing the inventory account, the auditor should be looking at external documentation, in the primary form of vendor invoices that are obtained directly from the vendor. The auditor can also obtain a current total of ...

Solution Summary

The solution outlines several areas of concern that could raise a red flag to an auditor looking at a first with their inventory or fixed assets present in the accounts receivable area. 201 words.

$2.19
See Also This Related BrainMass Solution

Irregularities in the Accounts Receivable Area of a Firm

What irregularities should a fraud examiner look for in the accounts receivable area of a firm?

View Full Posting Details