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Running head: EXPENSE & ASSET ANALYSIS 1 Module 03 Course Project – Expense and Asset Analysis Jeremy Wheeler Rasmussen College Author Note This paper is being submitted on November 21, 2017, for Tiffany Krogman’s A276/ACG2680 Section 02 Financial Investigation course.
EXPENSE & ASSET ANALYSIS 2 Module 03 Course Project – Expense and Asset Analysis Assets and Liabilities As I mentioned last week, this kind of account fraud doesn’t really show up on financial statements. Accounts that are made fraudulently won’t have any extra funds, so there won’t be any extra liabilities that can be tracked. Neither will the fraudulent credit cards be used, so the bank won’t generate any extra assets. Fees were generated on approximately 85,000 accounts for a total of $2 million in revenue. (Wikipedia, 2017) However, divided among the 5 years of this situation that is only $400,000 per year. In 2015, Wells Fargo had a total assets of $1.7 billion, so $400,000 is less than 0.03% of their assets. (Wells Fargo, 2016, p. 8) An amount that small does not set off any flags.

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