a scenario that demonstrates specific ways in which management could manipulate transactions
Create a scenario that demonstrates specific ways in which management could manipulate transactions impacting inventory values that the auditing team might not detect. Recommend key strategies that the auditor could implement in anticipation of such manipulation. Justify your response.
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The management may engage in fraud by manipulation of inventory so as to show a good performance in their financial statements. They may manipulate the inventory in regard the quality and pricing of the inventory, among other factors. They do this so as to maintain a good reputation from the public. They do this also so as to ensure they pay less tax than they are actually supposed to pay. Sometimes the…………
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