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The Valuator, Author at The Valuator

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A messy, outdated asset register is a big red light to auditors, financiers, and potential investors

“Since auditors observe only a statistical sample of inventory on hand, inventory chicanery can go undetected.” “Inventory fraud has increased fourfold from five years ago.” “The recent rise in inventory fraud is one of the biggest single reasons for the proliferation of accounting scandals.” “Experts say many companies overvalue obsolete goods and supplies. Others create […]

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