White Collar and Financial Crimes Unit 5 IP

You have been assigned to a case to explore for unreported income and possible embezzlement of funds from a small financial service organization.

Another staff member used a public records search and other data from the company to complete a financial profile of the suspect. The data sheet has been given to you for further analysis.

This data sheet profile includes a balance sheet and income and expense data. You are aware that there may be other assets that could not be identified or traced to the suspect. Nonetheless, you will prepare a net worth analysis and discuss several observation and issues.

Use the attached suspect data to do the following:

  • Use the indirect method to prepare a net worth analysis.
  • Prepare a discussion analysis of the results. Guidelines are as follows:
    • Discuss the entire 5-year period of data
    • Be substantive. Do not just repeat the numbers on the schedule without further critical analysis.
  • Determine whether results indicate if fraud may be occurring or not. Explain why you believe this.
  • Identify other factors you would need to consider to determine that fraud has occurred.

2-3 pages, APA Format

 

 

Solution Preview

Net worth analysis

Table 1.0. Net worth analysis

Year 2

Year 3

Year 4

Year 5

Ending Net Worth

500000

538000

975000

1710000

Less: Beginning Net Worth

325000

500000

538000

975000

Increase in Net Worth

(758 words)

White Collar and Financial Crimes Unit 5 IP was last modified: by