You are a manager in a renowned textile group; during the routine audit, you come to know some financial fraudulent activity/practice, which is very harmful for financial health of the business. You reported presented this financial malpractice to Board of Directors, Board of Directors decided to probe/investigate the matter and directed you to hire an external auditor and conduct a forensic audit. Keeping the above scenario in view, you have hired an auditor, what do you expect which techniques are the most relevant and useful to detect above malpractice?

You are a manager in a renowned textile group; during the routine audit, you come to know some financial fraudulent activity/practice, which is very harmful for financial health of the business. You reported presented this financial malpractice to Board of Directors, Board of Directors decided to probe/investigate the matter and directed you to hire an external auditor and conduct a forensic audit. Keeping the above scenario in view, you have hired an auditor, what do you expect which techniques are the most relevant and useful to detect above malpractice?

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 3DQ

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