ACCT 622 (ACCT622)

ACCT 622 Crazy Eddie Case Compute key ratios and other financial measures for Crazy Eddie during the period 1984-1987. Identify and briefly explain the red flags in Crazy Eddies financial statements that suggested the firm posed a higher-than-normal level of audit risk. Identify specific audit procedures that might have led to the detection of the following accounting irregularities perpetrated by Crazy Eddie personnel: a) The falsification of inventory count sheets b) The bogus debit memos f...