recommend action steps to take when fraud potential appears . Provide a rationale for your
recommendation
& quot ; Fraud Symptoms and Correction Strategies & quot ; Please respond to the following :
Imagine you are an accountant working on closing the books for the year end . Given that
many accounting items rely on estimates , construct a scenario in which you would
question an estimate as being either too high or too low that would misstate earnings .
Support your answer with examples .
Imagine that you are on the board of directors for XYZ Company . You have received an
anonymous tip that the financial statements were prepared in a fraudulent manner . Your