It was determined that there was fraud present at Husky Corporation, so you will be auditing...

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Accounting

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.

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ACL helps in reflecting the trend and pattern for a particular item And thus helps in bringing to attention any irregularities which may indicate the happening of a fraud In the present case by using ACL we will see upto what extent we have unpaid invoices we can use debtors collection period to find out within what period See Answer

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