I need the answers for the audit case study: By 3pm 2/15/17 Using the Computer to Discover Intentional Financial Misstatements in Transactions and…

I need the answers for the audit case study: By 3pm 2/15/17

Using the Computer to Discover Intentional Financial Misstatements in Transactionsand Account Balances.

AMI International is a large office products company. Headquartersmanagement imposed pressure on operating division managers to meet profit forecasts.The division managers met these profit goals using several accounting manipulationsinvolving the record-keeping system that maintained all transactions and account balanceson computer files. Employees who operated the computer accounting system were awareof the modifications of policy the managers ordered to accomplish the financial statementmanipulations. The management and employees carried out these activities:1. Deferred inventory write-downs for obsolete and damaged goods.2. Kept open the sales entry system after the quarterly and annual cutoff dates, recordingsales of goods shipped after the cutoff dates.3. Recorded as sales transactions that had been coded as leases of office equipment.4. Recorded shipments to branch offices as sales.5. Postponed recording vendors’ invoices for parts and services until later, but the actualinvoice date was faithfully entered according to accounting policy.Required:Describe one or more procedures that could be performed with CAATs to detect signs ofeach of these transaction manipulations. Limit your answer to the actual work accomplishedby the computer software.

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