Recently, upper management is concerned about the aggressive nature of some managers to increase sales by offering unauthorized discounts (thereby…

Recently, upper management is concerned about the aggressive nature of some managers to increase sales by offering unauthorized discounts (thereby hurting profits). Your job is to examine the data and see if you can find any evidence supporting upper managements concerns. You should document who, when and where the potential unauthorized are occurring.Forecasts: In a separate area of the company, each store forecasts weekly sales of furniture and office equipment. Each store has one forecaster assigned to it. You have data from Week 21 to Week 109. Determine which stores are best at forecasting over this time period. Also, management sent the forecasters to a training seminar in week 70. Has the training improved the forecasting overall or individually?Required:Document your plans to audit each of these files (look at data first; some tests may not be feasible) Produce a report of findings with your statement of errrors and potential frauds (and reasons why). List internal controls you may want to add or enforce to reduce the likelihood of future misstatements.

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