How does the event fit the fraud triangle

Assignment Help Accounting Basics

Reference no: EM131196307

Accounting Discussion:

To begin our study of accounting fraud, we will first take a look at some examples of recent events that have highlighted the need for accounting diligence and oversight. By Thursday of this week, search current news to find an article about a company that experienced an accounting fraud incident in the last three years. Summarize the article and include proper APA citation and reference list as part of your posting.

Some important focal points:

1. What was the nature of the fraud (occupational or managerial)?
2. Who were the key players?
3. How does the event fit the Fraud Triangle?
4. What was the end result?

Please do not duplicate articles, as we would like to examine as many discrete situations as possible.

As you develop your follow-up posts on each situation, consider the accounting trail that would have been left behind by those perpetrating this fraud. How would we detect this activity? Is it possible to learn from this event to detect similar activity in other organizations in the future?

Reference no: EM131196307

Questions Cloud

How does a correctional officer deal with gang activity : How is contraband, specifically cell phones, dangerous to the safety of correctional officers? Argue which specific technology device mentioned in the article you feel best combats contraband within the prison setting

Fundamental elements of the good samaritan laws : What are the fundamental elements of the Good Samaritan Laws for the two jurisdictions you researched?- How do they differ from one another? Be specific and provide examples?

Probability that the mean of the sample : The accounts receivable of a large department store are normally distributed with a mean of $250 and a standard deviation of $80. If a random sample of 225 accounts is chosen, what is the probability that the mean of the sample is between $232 and..

Plot the sun''s elevation at solar noon : Use the data that is provided for your graph. Note: the latitude is rounded to 42 degrees. Solar noon is approximately 12: 25 pm Eastern Standard Time. It is 1:25 pm Daylight Savings Time.

How does the event fit the fraud triangle : What was the nature of the fraud? Who were the key players? How does the event fit the Fraud Triangle? What was the end result? Develop your follow-up posts on each situation, consider the accounting trail.

What makes you fit within criteria of that kind of thinker : According to the readings, what makes you fit within the criteria of that kind of thinker? What are some of the benefits and downfalls of that kind of thought?

Percentage chance of being flop : Mr X marketing direct for ABC film production believes that the studio upcoming firm has a 70 percentage chance of being hit, a 20 percentage chance of being moderate and 10 percentage chance of being flop. to his opinion,

Percentage of republican voters : What is the probability that the survey will show a greater percentage of Republican voters in the second state than in the first state?

Prepare the adjusting entries for the month of june : Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal. Prepare an adjusted trial balance at June 30, 2008. Post the adjusting entries to the ledger accounts.

User Account

All Pages