While evaluating Apollo Shoes, there are some areas of concern that are potential fraudschemes. The fraud can lead to the entire collapse/demise of the company if not corrected.These will also affect the share value and investor confidence. An overview of the process of investigation along with recommendations for the company.As with any company, revenue recognition is an important part of operations of a ApolloShoes. As stated in GAAP standards, revenue generated must be realistic and recognizable.Revenue is recognized when the sale is complete. The sale is approved or paid for and theproduct is handed to the customer or mailed to the desired location. When reviewing the booksfor Apollo Shoes, the numbers are inconsistent with the accounts receivable. Confirmationreceived from customers were in line with the account balances. This raised a flag of concernfor revenues being misstated. The difference doesn 't appear to make a considerable increase incash flow, but the issue needs to be addressed and corrected before the difference is larger. Thiscan also be an indication of revenue misstatements.When there are discrepancies in the financial statements obtained from the company andthe financial institution, further investigation must be performed.Fixed AssetsThere are some common forms of fraud in relation to fixed assets, concealment, misuse,and improper classification. All of these have an impact on the book value for the organizationand the equity for the shareholders. The organization is responsible to record assets in thecorrect account for tracking a valuation.The fixed assets can also be traced from the beginning of the year to the end forverification of existence and/or write off of assets. The capitalization policy of assets can also beevaluated for accuracy and possible changes that need to be made. The damaged the Apollo…
I first wanted to thank you for congratulating me on my recent promotion; I look forward to working with you on the new Apollo Shoes engagement. I have read all the information you sent me about Apollo Shoes to gain a better understanding of the company, and I feel like I have a firm grasp of the company structure and environment. After reviewing the company’s last three board of directors meetings, I determined what expertise would be necessary to carry out the audit on Apollo Shoes. If you can assign these staff to our audit team, the productivity and effectiveness of the audit will increase significantly.…
According to the DNA Comparison, neither Mr. Hatfield’s blood nor Mr. McCoy’s blood matched the samples collected from the crime scene. It should be noted that Mrs. Hatfield refused to give a DNA sample to investigators. The Impression Test also gave us somewhat unclear results. It indicated that the shoes worn at the crime scene were men’s size 10 Nike, and Mr. Hatfield owns such a pair of shoes. However, this in and of itself is not conclusive. The Glass Analysis confirmed that the glass around the car was all from the shattered windshield.…
Evidence at a crime scene, such as blood, DNA, fingerprints, or shoeprints all help forensic investigators determine what might have occurred and help identify or exonerate potential suspects.…
3. Send confirmations to all accounts over $X. Select a random sample of all remaining accounts for confirmation.…
A fingerprint, in the context of forensics, is an imprint left from the friction ridges of any part of a human hand. Friction ridges are raised portions of the…
physical items, blood spatter, (blood impressions/transfer) trace, hair, fiber, DNA, shoe/tire impression, fingerprint, ballistics, GSR (stippling, electronic- cellphones, alternate light sources/luminol, etc.…
For the first evidence, there were a trace of footsteps coming out of the shower. Footsteps usually imply that someone was there or something was there but it definitely looked like a shoe trace. It couldn’t have been the husband because he was barely out the shower so he was barefoot while the footsteps looked like the trace of a shoe.…
The prosecution case against the main suspect, Michael Shirley, consisted of four circumstantial pieces of evidence. Forensic evidence is evidence obtained by scientific methods. In the case of Linda Cook, methods used included extracting impressions and DNA. An Athletic shoe impression was found on Cook’s abdomen, sizing at 43-45 and was the right foot. This shoe had a distinctive tread pattern including the obvious impression of the word ‘Flash’ located in the heel. The suspect owned a pair of size 44 athletic shoes with the same tread and stated that he “may” have been wearing them on the night of Linda Cook’s murder. The difficult aspect of locating shoe impressions in forensic cases is that 96% of impressions aren’t used as sufficient forensic evidence (Moles & Sangha 2003). Only 250 pairs of these shoes had been sold in…
As a Crime Scene Investigator (CSI), there are duties that have to be met and a job that has to get done. Part of this job is looking for evidence. There are different types of evidence. Some can be seen with an unaided eye and some can't. Trace evidence cannot be seen with an unaided eye. Every person who is physically involved with a crime leaves some kind of trace evidence such as hair, fibers, and even have gunshot residue left on the perpetrators hands. It is even possible to obtain a confession from the suspect .…
Physical evidence is anything that can prove a crime has happened and is connected to the crime and connected to the criminal. Three examples that can be listed as physical evidence would be a knife covered in blood, hair fiber, and a shoe impression. All three can be linked to the crime and to the person who committed the crime.…
ruler next to them that way we can scale them when looking at the pictures. Last but not least I would take samples of the surrounding soils and gravel. If we do find a possible suspect that happens to have matching tires on their vehicle with gravel wedged between the tread of the tires or dirt under their shoe we can compare them to the same soils in the area.…
Evidence can be as diverse as people; however, when looking to collect any type of evidence, it will typically be separated into one of two categories: real evidence or testimonial. Real evidence is considered to be tangible, such as, it will be anything that the five senses can perceive (Worral, Hemmens, & Nored, 2012, p. 71). Articles of clothing, weapons, contracts or legal documentation, and photographs are all examples of tangible / real evidence. Additionally, within this same category of real evidence, “demonstrative” evidence will also be included. This type of evidence would be anything that can actually demonstrate the crime and/or scene. For example, a technician…
To ensure authenticity and legitimacy of the evidence a evidence tag must be placed over the opening (2). The tag must include the forensic scientist’s name and initials (the one who secured the evidence), the date, time, the type of evidence, exhibit number,where it was found and the department supervisor. For example the hair sample i found would be documented as “ Exhibit 1, Unknown hair sample, Living room 1, Zunash Saleem (Z.S) and Jaycee Morrison” (1). The evidence tag comes with a pre-printed identification form, the scientist fills in the blanks, and passes it along the chain of…
It’s very important for commissioners and city councils to understand the importance of forensics. When the commissioners and city council understand forensics they will have a clear idea of what the cost and what it takes for the forensic team. Having an idea and understanding gives you knowledge of the forensics. It’s very important that commissioners and city council member to appreciate the value and the hard work of a forensic team.…