Read the Ethics scenario on page 341 and the Fraud Case on page 370. Both companies reported inaccurate inventory values which overstated gross profit and net income.
Find an article in which a company was accused of committing fraud by manipulating earnings through its inventory records.
Summarize the article.
If you were the accountant of the company asked to process ficticious journal entries, how would you respond?
Be sure to include the web address of your article at the end of your post.