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