Audit Discussion 2.docx - Surname 1 Name of Student...

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Surname 1Name of StudentInstructorCourseDateMcKesson CorporationMcKesson Corporation is a medical supply of pharmaceuticals that is based in Alpharetta, Georgia. It incorporates supplies in health services corporations particularly at retail level like in the Walmart Corporations. Besides its supplies, it has been involved in various scandals like accounting whereby the way audits are conducted are influenced (Fox, "4 Massive Frauds You've Probably Never Heard of"). In 1938, there was the McKesson and Robbins scandal which constituted to the overhauling of the audit procedures including the adoption of Generally Accepted Auditing Standards. Also, it also influenced the creation of the independent audit committees and the requirement of a physical inventory inspection.The Financial note 19 that was located on page 91-99 of the filing indicated that there were other commitments and contingent liabilities. This was after the Fiscal year of the McKesson Corporation ended on 31
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Term
Spring
Professor
jane

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