Causation and Impacts of Major FraudThe videos from this week provide information about 2 major frauds:The Types of Problems that Can Occur in Financial Statements. Classic cases: WorldComLinks to an external site. (4m 28s).The Motivations Behind Earnings Management. Classic Cases: EnronLinks to an external site. (4m 57s).Respond to the following in a discussion post:Assess the impact these cases had on the corporations' investors and creditors.Explain the risk factors involved, the elements of the fraud, and competing analyses of the causes of the fraud. Provide support for your rationale.Be sure to respond to at least one of your classmates' posts.

The WorldCom and Enron fraud cases had a significant impact on the corporations' investors and…

Answered: Causation and Impacts of Major Fraud…

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

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Causation and Impacts of Major Fraud

The videos from this week provide information about 2 major frauds:

The Types of Problems that Can Occur in Financial Statements. Classic cases: WorldComLinks to an external site. (4m 28s).
The Motivations Behind Earnings Management. Classic Cases: EnronLinks to an external site. (4m 57s).

Respond to the following in a discussion post:

Assess the impact these cases had on the corporations' investors and creditors.
Explain the risk factors involved, the elements of the fraud, and competing analyses of the causes of the fraud. Provide support for your rationale.

Be sure to respond to at least one of your classmates' posts.

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