Much of the weekly readings revolve around managing fraud risk and policies / procedures as it relates to asset misappropriations, skimming, and cash...

Much of the weekly readings revolve around managing fraud risk and policies / procedures as it relates to asset misappropriations, skimming, and cash larceny.  Within in an organization, what is the role of the following parties in regards to fraud prevention and detection?

• Senior management (CEO / CFO)
• The internal auditor department
• The external auditor conducting the annual financial audit
• The staff person preparing the work (accountant preparing the accounts receivable value)
• The government oversight agency (SEC)
• Sarbanes Oxley regulators (who exactly are they?)

After you have identified the roles and responsibilities, assume there is a fraud in the accounts receivable, who is to blame and why?