Reference no: EM133523394

Assignment: Frye Fraud Case

Title: Frye Fraud- A Case Exploring the Dark Triad Personality

Introduction

The AICPA Pre-certification Core Competency Framework provides detailed explanations of the following:

Project Competencies:

1) Risk assessment, analysis, and management

• Assess, analyze, and manage risk using appropriate frameworks, professional judgment, and skepticism for effective business management.

2) Reporting

• Identify the appropriate content and communicate clearly and objectively to the intended audience the work performed and the results as governed by professional standards, required by law, or dictated by the business environment.

3) Governance perspective

• Understand the legal and regulatory environments affecting an organization and their effects on an organization's operations, internal controls, and enterprise risk management. Recognize an organization's social and environmental responsibilities.

4) Professional behavior

• Practice in a manner that is consistent with the character and high standards set by the AICPA and the accounting profession. Demonstrate a work ethic and respect for diversity, as well as a commitment to continuously acquire new personal and professional skills and knowledge.

5) Decision making

• Objectively identify and critically assess issues and use professional judgment to develop appropriate decision models, identify and analyze the costs and benefits of alternative courses of action and recommend optimal solutions.

Since graduating from your MS in Accounting degree program, you have been working as a second-year senior fraud examiner for the prestigious accounting firm of HLR, Inc. The principals, Honer, Reich, and Sweeting, are CPAs and Certified Fraud Examiners (CFEs). They have worked in the industry since 1999 and are well known for the high-profile cases they have brought to justice.

You attended the weekly Monday morning meeting led by one of the three principals; this week Honer led the meeting. He announced the annual conference of the Association of Certified Fraud Examiners (ACFE) was scheduled for next year in Austin, TX. Further, the ACFE conference planning team contacted HLR, Inc. asking if the company had any interest in providing guest speakers for the conference. Absolutely, said Honer. He committed to providing the conference with guest speakers for the concurrent sessions and a report for conference attendees to gain a better understanding of the most comprehensive fraud case the firm has encountered in recent years. For confidentiality and privacy issues, Honer explains he will select the case at the end of the year and one that has already gone to trial and been adjudicated.

Eager to advance your career, you ask to be assigned to high-profile fraud cases in hopes that one will be selected for presentation at ACFE's next annual conference.

Steps to Completion

Step I: Read the case study file in the Project 1 folder: The Frye Fraud: A Case Exploring the Dark Triad Personality. Be sure to download and review the four files in Appendix A.

Step II: Review the grading rubric in the Project folder to learn how your deliverable will be graded.

Step III: Review APA Style, 7th ed because your report will be graded in strict APA Style format.

Step IV: Answer the questions at the bottom of the case study file on page 10 in report format, not in numbered answers.