Wirecard's Billion-Dollar Accounting Fraud Read the transcripts Download transcripts or listen to the podcast titled “Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud” (See transcript b

Wirecard's Billion-Dollar Accounting Fraud

Read the transcripts Download transcripts or listen to the podcast titled “Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud” 

1. Evaluate the actions and ethical breach of the Wirecard’s leadership.
2. Describe how the tone at the top contributed to this fraudulent activity.
3. Describe how various stakeholders (employees, stockholders, and the community) were affected by the actions of Wirecard leadership.
4. How did the Audit Committee and Board fail in their responsibilities?
5. Audit regulation requires the audit team to assess the fraud risk associated with each engagement. What characteristics of Wirecard might have caused it to be identified as a high-risk audit? Consider the incentives, rationale, and opportunities for fraud in the assessment.

• Your written paper should be 3-4 pages in length not counting the title and reference pages, which you must include.

FRAUD TALK–EPISODE 100 Behind the Scenes of Wirecard’s Billion-Dollar Accounting Fraud Listen to Mason Wilder, CFE, ACFE senior research specialist, and Brian Fox, vice president of strategic partnerships at Thomson Reuters and president & founder of Confirmation, discuss the rise and fall of the German payments group, Wirecard.