Discuss some of the major characteristics of Financial Statement Fraud
Discussion board 1:
Discuss some of the major characteristics of FSF. What makes FSF difficult to detect, prevent and contain? Based on your chapter readings or other sources of information such as the news or web-based information, what do you think are the most plausible or effective methods of combating FSF?
Discussion board 2:
Revenue and Inventory-Related Financial Statement Fraud (FSF). Channel stuffing sales type of fraud seems to be the most successful (difficult to detect or causes the most dollar volume of loss) why? What are some of the issues that you would consider if you received a “tip” that an inventory-related fraud was occurring in your company?
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