[Solution]Unrecorded Liabilities

1)  What are unrecorded liabilities, and how can auditors search for them? Are they intentionally unrecorded, and what are the implications of this practice? 2)…

1)  What are unrecorded liabilities, and how can auditors search for them? Are they intentionally unrecorded, and what are the implications of this practice?
2)  What does “channel stuffing” mean? Have any companies actually ever done this? What are the implications? Is this ethical? Why or why not?
write one paragraph for each question
 
In an industry famous for razor–thin profit margins, high levels of employee turnover, and intense competition usually based on price, Wegmans, a family–owned chain of 67 supermarkets in New York, New Jersey, Pennsylvania, and Virginia, is quite unique. It has to be. Traditional grocers are under attack on many fronts. Mass merchandisers such as Wal–Mart with its superstore concept are taking customers, sales, and market share from traditional grocers. To complete this assignment, conduct a literature search and go to http://www.wegmans.com.
Identify Wegmans’ strengths, weaknesses, opportunities, and threats in your initial post

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