References: 1. Forensic Accounting and Fraud Examination‚ second edition‚ William S. Hopwood; Jay J Leiner; George R Young. 2. http://www.anao.gov.au/html/Files/BPG%20HTML/BPG_PublicSectorAuditCommittees/2_5.html 3. http://www.deloitte.com/view/en_CN/cn/services/corgov/ic/iarr/
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Apollo Shoes‚ Inc. Potential Problem Areas December 31‚ 2011 The following refers to the Comparative Trial Balances‚ GA-7.1 through GA-7.5: Accounts Receivable‚ Other Receivables‚ Allowance for Doubtful Accounts‚ Bad Debt ExpenseInventories and Reserve for Inventory Obsolescence Prepaid Insurance and Insurance Expense Machinery‚ Equipment‚ and Office Furniture Accounts Payable Taxes Payable Line of Credit Sales‚ Sales Returns‚ Net Sales – Relationship to Inventory Research & Development
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a large amount of tangible evidence against a suspect‚ as well as eyewitness’s and the suspect may still not be convicted. Although fingerprints and DNA are excellent tools when it comes to physical evidences of a crime‚ they are in most cases not considered to credible. For instance‚ there are different kinds of DNA that can be collected at a scene one of which is touch DNA; this is collected using a cotton swab‚ or Q-tip‚ and distilled water to collect the evidences (Missouri state highway Patrol
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Dan Stenson Professor Gettys Academic Writing 4/24/12 Importance of Forensic Accounting Business has been around for thousands of years with people buying‚ selling/ trading food‚ animals‚ and jewelry just to meet their own standards of living. Business fraud has been around for just as long as business has. Every person to this day and in the future was and will be looking for ways to save and earn money. The best know earliest case of fraud deals with the whites and Indians in 1626 with
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The company’s total losses/expenses as management has estimated are $11 million. The total amount that the auditor might suggest would be about $18.6 million. This means that the materiality threshold is broken for materiality of misstatement of net income‚ even though as shown below‚ each entry itself does not break that threshold by itself. The deferred costs can be divided over the next 2 years. So this year’s entry would be as follows and there should be a disclosure note about the remaining
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BACKGROUND OF THE CASE/ OVERVIEW Sonya Fuentaz‚ an IRS-enrolled agent‚ has been contracted for preparing an annual income tax return for Carlito Alverez. Sonya is a little apprehensive about the engagement because she’s heard rumors that Carlito is a major drug trafficker with roots in Colombia. Sonia visits his home to discuss the details of his return and she’s shocked by the opulence she sees because the house is on 2 acres of land just west of the Intracoastal Waterway in Miami Beach.
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Design tests of controls‚ substantive tests of transactions‚ and analytical procedures for the following Apollo Shoes cycles: o Inventory and warehousing cycle o Cash cycle 1. Abstract‚ Inventory and warehousing cycle (tests of controls) YOLANDA 2. Intro‚ Inventory and warehousing (substantive tests of transaction) AMY 3. Conclusion‚ Inventory and warehousing cycle (analytical procedures) JUSTINIA 4. Cash cycle (Test of controls) ANNABELLE 5. Cash cycle (substantive tests of transactions
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Similar to what you did with the Revenue Cycle‚ I want you to prepare a bridge working paper for the audit of Apollo Shoes as of December 31‚ 2007‚ listing the major errors that could occur in the purchasing system and to describe the test of controls procedures for auditing related purchasing controls to determine whether reliable control exists. I don’t think that Apollo has enough purchase transactions that we need to rely on the controls (in other words‚ we’ll look at them all)‚ but we need
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with the introduction of forensic science. Forensic science was a new way to solve crimes with DNA evidence to get the correct criminal rightfully punished. In this paper I will go over how forensic science evidence developed over time‚ how the advancement of DNA made things easier in the courtroom‚ and finally what the projected future is for forensic science and DNA evidence. There is one question that I want answered at the end of this paper‚ and that is how does forensic science
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Forensic evidence is not a new thing in courtrooms. Forensic evidence has been around for decades just not as reliable as today. There have been many advancements to forensics‚ the techniques used and the technology involved. Forensics is " Evidence that can be used in a court based on science. It can be blood tests‚ ballistics‚ and DNA." Over the years‚ there have been many cases where false forensic evidence has wrongly convicted or acquitted cases. There are other cases where forensic evidence
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