Question 1: What changes should be made to the Accounting Professional & Ethical Standards (APES) to ensure forensic accountants remain at the forefront of their profession [400 words] (1

Question 1:         What changes should be made to the  Accounting Professional & Ethical Standards (APES) to ensure forensic accountants remain at the forefront of their profession [400 words] (15 Marks) 

Question 2:        A whistleblower has called the hotline to advise that a manager in the payroll section of HiLyfe Sportwear Pty (HiLyfe) has created fictional employees and is stealing those wages from the company.  What forensic accounting steps could you take to  identify possible red flags relevant to this allegation and explain your reasoning [ 400 words] (15 Marks)

(Note to students: No calculations are required)

Please look at the word document to see changes in the income statement for q2.