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Prepare an investigation report on an internal audit financial statements fraud. This fraud consist of fixing the numbers on the financial books in order to gain more bonuses for this business unit. The process consists of reducing the cost of purchases of waste materials in this paper recycling company by zeroing out the cost which leads to higher revenues! That way the company will show positive returns on the income statement and will grant this business unit a higher share of the annually distributed bonuses of this company over the other group of companies.
This report will be read by the Chairman, Audit committe and the Executive Management which will need to take immediate action to punish those responsible.
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