Business and Management : Accounting
Discuss how the fraud occurred as a result of the revenue, expenditure, or production cycle.
Discussion Topic: Accounting frauds within the revenue, expenditure, and production cycle.
It is very easy to do a Web search and locate articles concerning accounting frauds as a result of misappropriating transactions using the revenue, expenditure, and/or production cycle(s).
Locate a recent (no more than 5 years) news article (see below) concerning a fraud using one of the aforementioned cycles of a company located within the vicinity of where you live. Post a link to the article (see below).
Discuss how the fraud occurred as a result of the revenue, expenditure, or production cycle.