Week 7 - Standardized Assignment Standardized Assignment Michelle Knight Strayer University Forensic Accounting ACC571 Nauri D Ahmed Standardized

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Standardized Assignment Standardized Assignment Michelle Knight Strayer University Forensic Accounting – ACC 571 Nauri D. Ahmed February 18, 2011
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Standardized Assignment After reviewing the provided information from Torpus, I think that there is some form of financial statement fraud. With the information provided by Mr. Ronald Thump, the CEO, there are far too many coincidences as they pertain to the financial documents need. Mr. Thump is seeking a loan for the expansion of his business, and the bank is requiring that an audit be done due to the dramatic increases in the company’s profits over the past few years. One issue is that the company’s accountant had an instance where his computer crashed, which caused the last two years of income statements to be lost. Not only did his computer crash, but he is on vacation for two weeks. Next, Mr. Thump is only able to provide printed copies of the balance sheet. Mr. Thump assured me that he can have the income statements reconstructed for me, although the accountant is on vacation. Mr. Thump expressed that he needs the audit to be completed within two weeks. Lastly, when a meeting was set up Mr. Thump stated that he needed it to be quick, as he did not have much time available. (Forensic Accounting, 2008)
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/16/2012 for the course ACC 571 taught by Professor Wills during the Spring '09 term at Strayer.

Page1 / 5

Week 7 - Standardized Assignment Standardized Assignment Michelle Knight Strayer University Forensic Accounting ACC571 Nauri D Ahmed Standardized

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online