It was determined that there was fraud present at HuskyCorporation, so you will be auditing the Accounts Receivable ofHusky Corporation using ACL to help you perform the auditprocedures. The Accounts Receivable general ledger balance as ofDecember 31, 2013, is $4,263,919.52. Your audit will consist ofanalyzing the unpaid invoices, identifying customers with balancesover their credit limit, and aging the unpaid invoices as ofDecember 31, 2013.
I have performed the auditing procedures, I am in desperate needof help with the following questions:
Evaluate the information and results of the audit process. Sharethe reasons for why and how this case was deemed fraudulent, andprovide detail. How were these findings discovered?
Reflect on the intricacies of the case, and make recommendationsto prevent it from happening again.
