Discussion question 2
The four methods used to perform analytical analyses to search for financial statement fraud
symptoms are: 1.) Compare changes and trends in financial statement period to period 2.)
Compare financial statement relationship
Short Case 2
1.) The fraud being committed is Billing Scheme Fraud.
2.) 27.6 percent of frauds are billing scheme fraud.
3.) This frau could have been prevented by approving every check that is written, no matter
what the cost, and only allowin
Short Case 4
1.) Colleen has responsibility to report the apparent fraud, is she does not and the fraud is
uncovered, she could be held responsible for the fraud too.
2.) She should report the fraud to the IRS in consultation with her parent ac