02 Jul Final Accounting Assignment.
Name of the entity: Phar-Mor(Discount store company).
•The purpose of the project: Showing how ineffective internal control over Inventory could lead a business to bankruptcy.
•Business case- element and issues:
This management fraud draws our attention since it committed a fraud of $500 Million by overstating the inventory. (issue) We start gathering information that explains how such a huge fraud could be occurred while external auditing is practicing their regular tasks by inspecting physical assets, documents and other performances.
Why inventory is important to the business?.
• plans to implement a good internal control over inventory which could have prevented the fraud .
•New systems that prevent what happened with the company ..
• How could they have avoided that .
•In the end explain it with numbers and facts.
(Also make a small power point of the research for presentation)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.