In your own words, answer the following questions with a minimum of 2 to 3 robust paragraphs for each question and provide real life examples as...

In your own words, answer the following questions with a minimum of 2 to 3 robust paragraphs for each question and provide real life examples as appropriate. (Note: Refer to the Syllabus, page 8, "Assessment Grading Guidelines," for characteristics of "robust" assignments.)

1. Define and list three "rogue employees". Also provide examples of why their actions made them rogue employees. In addition, briefly explain the meaning and use of the "chutzpah defense."
2. Pick one company listed on page four of the textbook, find an article on the Internet and briefly describe the fraud for which they were accused. Be sure to cite the article by using proper APA format.
3. Briefly explain in your own words each of the three elements of fraud and how they are connected.
4. Briefly explain, in your own words, each of the six theories of fraud.
5. Who is Cynthia Cooper and what was her role in discovering fraud?
6. Briefly describe in your own words the key recommendations found in the COSO Framework.
7. Review the auditor's role in discovering fraud under SAS 82 (Statement on Auditing Standards) and its subsequent replacement by SAS 99. Briefly describe the steps an auditor would take in obtaining, identifying, and assessing fraud risks per SAS 99. Provide some details related to each step of the process. Then decide whether or not auditors view themselves as responsible for discovering all fraudulent activities within an organization. Please explain your answer. Here is a link to SAS 99.
8. The NYSE and NASDAQ both require listed companies to have robust audit committees. Briefly explain the requirements of the audit committee and comment on what is meant by a "financial expert."
9. Briefly describe the creation and role of the Public Company Accounting Oversight Board. Additional information can be found at the following link: PCAOB.
10. Section 404 of the Sarbanes-Oxley Act of 2002 is considered by many to be the most costly and yet least understood section of the Act (see page 45 of the PDF in the Sarbanes-Oxley Act of 2002 link). PCAOB's Audit Standard No. 5 provides greater guidance on Section 404 of Sarbanes-Oxley. Briefly list the Key Provisions of the Audit Standard No. 5 and describe in your own words why this requirement is so costly to organizations.