Financial data red flags present themselves in the form of unrealistic forecasts and unusual account increases or decreases in income statement and balance sheet accounts. Software data detection programs are developed to identify red flags.
- Using the Internet, research two (2) fraud podcasts presented by the Association of Certified Fraud Examiners and discuss what you learned.
- Research on fraud red flags, provide the descriptions and discuss the cause of each red flag.
- Post at least 2 replies to your classmates.