X hits on this document

Powerpoint document

Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 269 / 352

2067 views

0 shares

1 downloads

0 comments

269 / 352

269

© D.L. Crumbley

Inventory Fraud

Stealing inventory/supplies for personal use or for sale at flea markets/garage sales.

Kickback schemes (vendor/supplier and an employee). Sale of unreported inventory or at inflated prices.

Use renumbered inventory tags matched to count sheets; use count procedures for work-in-progress items; separate duties between purchasing and logging receipts of shipments

Audit Steps for Inventory Fraud

Check for same vendors.

Prices higher than other vendors.

Purchasing agent does not take vacation.

Only photocopies of invoices are available.

Age of inventory.

Inventory turnover

There is data-mining software.

Inventory

Document info
Document views2067
Page views2088
Page last viewedSun Jan 22 22:49:00 UTC 2017
Pages352
Paragraphs4554
Words31092

Comments