Use the Internet to research a recent accounting scandal within the past five years related to...

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Accounting

Use the Internet to research a recent accounting scandal withinthe past five years related to irregularities in financialstatement reporting.
Using the case (see above) as a reference and from thee-Activity, discuss the improper recognition treatment youresearched, and make a recommendation regarding the type ofanalytical procedure that should have detected the improperaccounting transactions. Propose the internal control activities oraudit plan that might have detected the improper transactions. Bespecific with your recommendation.

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The various Analytical Procedures that could be used to detect improper accounting transactions are a Compare the departmental details with the overall figures The various reports details submitted by the various departments could be matched with the overall results The procedure will detect the irregular and unexpected transactions b Interview with the management The See Answer

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