Tag Archives: Roll Forward

Getting More Out Inventory Roll Forwards


I remember hearing a story several years ago from one of my colleagues about an AR fraud that was discovered by an auditor while performing an inventory roll forward.  The person telling this story was and remains well known in the Asset Based Lending arena, so needless to say I was quite intrigued about how a fraud that occurred with AR could be found while performing an inventory review.  I’ll try to retell the story here; hopefully, my memory will do it justice.  In addition, I’ll try to relate the procedures performed by the auditor to examination procedures performed today. Continue reading