Overview: Now that you have examined how employee fraud was detected in organizations both large and small, you will demonstrate your knowledge of key practices to apply in a fraud investigation. You will research an actual incident of employee fraud and then explain how you would approach the investigation as a fraud investigator. Prepare Using the Internet or Strayer databases, identify and research a company with an employee who was involved in corporate fraud. Select a fraud from the last 5 years that hasn't been covered in class (You may not select World.com, Enron, Madoff, Theranos, or Sam Bankman-Fried). The Fraud and Corruption page of the MSAC Library Guide provides suggestions on using Strayer Library resources for your research. Assume you are the fraud investigator assigned to detect the corporate fraud you are researching. Based on the research, you will describe how you would investigate fraud, collect evidence, identify red flags, and plan for fraud prevention. In which you: 1. Describe the fraud you researched, identifying the company, the industry, the employee, the time frame of the fraud, and any other context needed to understand the case. 2. Predict the most significant red flags to look for in the organization that would be an indication of possible fraud needing corrective action by management. Justify your predictions by providing a rationale based on information about the fraud. 3. Assess what types of surveillance and/or covert operations you would use to collect evidence related to the fraud. Analyze technological options for investigating fraud, indicating what you believe to be the most effective option. 4. Provide support for your rationale. Describe the financial and economic impact of the fraud on stakeholders. These stakeholders may include the company, the employees, direct victims, and society. Refer to specific stakeholders and groups discovered in your research. 5. Recommend a fraud prevention plan for this organization. Provide support for your recommendations. 6. Use 3 sources to support your writing. Choose sources that are credible, relevant, and appropriate. The specific course learning outcomes associated with this assignment are: Evaluate the financial and economic impact of fraud on stakeholders, including companies, employees, victims, and society. Recommend key practices for detecting, investigating, and preventing fraud in organizations.

Overview: Now that you have examined how employee fraud was detected in organizations both large and small, you will demonstrate your knowledge of key practices to apply in a fraud investigation. You will research an actual incident of employee fraud and then explain how you would approach the investigation as a fraud investigator. Prepare Using the Internet or Strayer databases, identify and research a company with an employee who was involved in corporate fraud. Select a fraud from the last 5 years that hasn't been covered in class (You may not select World.com, Enron, Madoff, Theranos, or Sam Bankman-Fried). The Fraud and Corruption page of the MSAC Library Guide provides suggestions on using Strayer Library resources for your research. Assume you are the fraud investigator assigned to detect the corporate fraud you are researching. Based on the research, you will describe how you would investigate fraud, collect evidence, identify red flags, and plan for fraud prevention. In which you: 1. Describe the fraud you researched, identifying the company, the industry, the employee, the time frame of the fraud, and any other context needed to understand the case. 2. Predict the most significant red flags to look for in the organization that would be an indication of possible fraud needing corrective action by management. Justify your predictions by providing a rationale based on information about the fraud. 3. Assess what types of surveillance and/or covert operations you would use to collect evidence related to the fraud. Analyze technological options for investigating fraud, indicating what you believe to be the most effective option. 4. Provide support for your rationale. Describe the financial and economic impact of the fraud on stakeholders. These stakeholders may include the company, the employees, direct victims, and society. Refer to specific stakeholders and groups discovered in your research. 5. Recommend a fraud prevention plan for this organization. Provide support for your recommendations. 6. Use 3 sources to support your writing. Choose sources that are credible, relevant, and appropriate. The specific course learning outcomes associated with this assignment are: Evaluate the financial and economic impact of fraud on stakeholders, including companies, employees, victims, and society. Recommend key practices for detecting, investigating, and preventing fraud in organizations.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

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

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

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 25RQSC

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Overview:

Now that you have examined how employee fraud was detected in organizations both large and small, you will demonstrate your knowledge of key practices to apply in a fraud investigation. You will research an actual incident of employee fraud and then explain how you would approach the investigation as a fraud investigator. Prepare Using the Internet or Strayer databases, identify and research a company with an employee who was involved in corporate fraud. Select a fraud from the last 5 years that hasn't been covered in class (You may not select World.com, Enron, Madoff, Theranos, or Sam Bankman-Fried). The Fraud and Corruption page of the MSAC Library Guide provides suggestions on using Strayer Library resources for your research. Assume you are the fraud investigator assigned to detect the corporate fraud you are researching. Based on the research, you will describe how you would investigate fraud, collect evidence, identify red flags, and plan for fraud prevention. In which you: 1. Describe the fraud you researched, identifying the company, the industry, the employee, the time frame of the fraud, and any other context needed to understand the case.

2. Predict the most significant red flags to look for in the organization that would be an indication of possible fraud needing corrective action by management. Justify your predictions by providing a rationale based on information about the fraud.

3. Assess what types of surveillance and/or covert operations you would use to collect evidence related to the fraud. Analyze technological options for investigating fraud, indicating what you believe to be the most effective option.

4. Provide support for your rationale. Describe the financial and economic impact of the fraud on stakeholders. These stakeholders may include the company, the employees, direct victims, and society. Refer to specific stakeholders and groups discovered in your research.

5. Recommend a fraud prevention plan for this organization. Provide support for your recommendations.

6. Use 3 sources to support your writing. Choose sources that are credible, relevant, and appropriate.

The specific course learning outcomes associated with this assignment are:

Evaluate the financial and economic impact of fraud on stakeholders, including companies, employees, victims, and society. Recommend key practices for detecting, investigating, and preventing fraud in organizations.

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