Procedures in Collecting Forensic Evidence ACC/556 November 5‚ 2013 Procedures in Collecting Forensic Evidence 1.) What procedures will you use to collect accounting evidence? The stages of the procedures are as following: 1.) Initiation- This is broken into two different categories of reactive and pro active. The reactive side of the categories is the action of a victimization that has already happened. The tips to these crimes are investigated because of an external report of the crime
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Procedures in Collecting Forensic Evidence Organizational fraud and abuse account for five percent of a company’s gross revenues. The effect of occupational fraud and abuse on a company is an increase in costs‚ a reduction in potential raises‚ and a reduction in profits. Occupational fraud is categorized as asset misappropriations‚ fraudulent statements‚ and corruption. Corruption includes change from positive morals and principles to bad. The potential corruption schemes a company should
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Upon the completion of auditing the financial records of Apollo Shoes‚ Inc. it has been confirmed that there has been sufficient evidence obtained to support the audit opinion. There is a concern pertaining to the results of last year’s audit‚ because the audit was conducted last year by Smith and Smith CPA’s and VP of finance Mr. Unum has requested that we do not contact Smith and Smith. After careful review it has been determined that the issuance of an unqualified audit report would be appropriate
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GA-3 Prepared K.E;M.B.(1/13/2012) Apollo Shoes‚ Inc. Relevant Matters Based on Minutes (December 31‚ 2011) Information Relevant to 2010 Audit 1. Remarks by Apollo Shoes Inc. CEO Larry Lancaster in regards to the 10% projected increase in sales for the 2011fiscal year. (“Well they better increase by that much or heads will roll.”) GA-3.1 2. Majority vote by members of the board to internalize
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Apollo denied our request to speak with the predecessor auditors because of “litigation concerns.” I’ve looked at the 8-K filed by Apollo and the auditors referenced in the 10-K. I didn’t attach a copy because it didn’t say much‚ just something about “incongruent goals‚” blah‚ blah‚ blah. Against my advice‚ Arnold decided to accept the engagement anyway. Keep your eyes open! The good news is that the predecessor auditors‚ Smith and Smith‚ CPAs‚ have a good reputation‚ so you can use last
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storyline in the game was some forensic scientist heard an old legend about R.R finding gold but he suddenly disappeared‚ without a trace by butch the park ranger. 2. What types of evidence did the forensic scientists encounter in the game? The types of evidence that the forensic scientists encountered was soil‚ fingerprints‚ and a shoe prints 3. Choose one of the locations in the game. Discuss what evidence was found at the location and what challenges the location and evidence might present in the collection
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Apollo Shoes Audit Report Anderson‚ Olds and Watershed Certified Public Accountants 123 Main Street Upper Saddle River‚ NJ 00712 INDEPENDENT AUDITOR’S REPORT To the Stockholders Apollo Shoes‚ Inc. We have audited the accompanying balance sheets of Apollo Shoes‚ Inc. as of December 31‚ 2008‚ and the related statements of income‚ comprehensive income‚ shareholders’ equity‚ and cash flows for the year ended‚ and related notes to the financial statements. We have also audited management’s assessment
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Arizona 85003 Mr. Larry Lancaster Apollo Shoes Phoenix‚ Arizona 85003 Dear Mr. Lancaster‚ The purpose of this letter is to make sure we have an understanding as to what the audit of Apollo Shoes financial statements will consist of for the year ending December 31‚ 2011. The objective of this audit of the company’s financial statements is to confirm that all aspects of the company are in compliance with the United States Generally Accepted Accounting Principles and that the company’s financial
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cordoned perimeter. Without this first step‚ evidence found at the scene can be compromised or worse destroyed which could result in possibly ruining any opportunity to create a strong case to arrest and convict a suspect. Once secured‚ the crime scene can be processed. There is a basic protocol that all investigators follow and even though each crime scene is different with a vast array of circumstances the basic procedures remain the same. “Evidence used to resolve an issue can be split into
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Identifying and Collecting Physical Evidence There are many differents things involved in the identification and collection evidence. In order to do these things you have to know what things like what physical evidence is‚ what impressions are‚ different types of evidence you could find and how to use it and knowing what forensic science is and the different types is important too. Also you need to know the proper labelling technique. In order to prosecute someone you have to be able
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