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Everyone is aware of well-known “textbook” fraud cases such as Enron and WorldCom. Many such cases happened almost 20 years ago; to begin our study of accounting fraud, let’s conduct research to gain
Everyone is aware of well-known “textbook” fraud cases such as Enron and WorldCom. Many such cases happened almost 20 years ago; to begin our study of accounting fraud, let’s conduct research to gain an understanding of more recent fraud cases that have made the news. Search current news to find an article regarding a company that experienced an accounting fraud incident in the last two years. Briefly review the article and include the proper APA citation as part of your posting.
Incorporate the following information into your initial response:
- Based on your reading of the assigned chapters, identify the type of fraud that occurred.
- Note the events that contributed to the fraud.
- Identify the key players.
- Discuss the outcome or results of the fraud.
- Recommend changes that should be made in the control environment to prevent this type of fraud from occurring again.
