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To begin our study of accounting fraud, we will first look at some examples of recent events that have highlighted the need for accounting diligence...
To begin our study of accounting fraud, we will first look at some examples of recent events that have highlighted the need for accounting diligence and oversight. By Thursday of this week, search the current news to find an article (different from your peers) about a company that experienced an accounting fraud incident in the last two years. Briefly review the article and include the proper A-P-A citation as part of your posting. Include at least two high-quality responses to two separate peers.
Address each of the following focal points:
- Identify and specify the fraud type (occupational, managerial, etc.)?
- What events contributed to the fraud?
- Who were the key players?
- What was the result?
- What changes to the control environment would you recommend preventing a recurrence?
