Week 3 Discussion – Inventory Fraud

Some of the largest business frauds ever perpetuated have involved the misstatement of inventory. Two classics were Leslie Fay and McKesson Corporation. There is considerable information regarding inventory frauds available on the Internet. Search for information about one of the two cases mentioned above, or inventory fraud at any other company. Prepare a short explanation of the nature of the inventory fraud, why the fraud was not caught, what internal control could be put into place to keep the fraud from occurring again.

Your initial post should address the main question.

Then you must respond to a minimum of two posts of your fellow students.

·         Provide additional information to the discussion that would be informative;

·         Elaborate and expand on previous comments from others;

·         Present explanations of concepts or methods to help fellow students;

·         Present reasons for or against a topic in a persuasive fashion;

·         Share your own personal experiences that relate to the topic;

·         Share a URL website with other students as an explanation for an area you researched on the Internet.

Check Work for grammer and spelling

One Page Minimum

Cite work with sources – APA 6th

Post on Separate word Docs for Financial Accounting and International Business

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