How fraud in the cash receipt cycle occurs in an organization depends largely on the nature of the business and how the cash cycle operates. Unlike the expenditure cycle, the mechanics of the fraud scheme will vary by organization. For simplicity, the... 

Many auditors have stopped auditing travel expenses because of the materiality of the expense. While there is no argument that an individual expense report is not material or that total travel expenses are not material to the company, there are other... 

Special attention to related-party has a long history in auditing. From the auditor’s perspective, related-party transactions have two distinct, but not mutually exclusive, aspects: adequate disclosure and fraud detection. Some related-party transactions...