Problem 1: Read Case in Mintz and Morris (2020) and complete the questions.
Case Study: Loyalty and Fraud Reporting (a GVV case)
Questions:
Analyze the facts of the case using the Fraud Triangle. Would you characterize what Ethan Lester did as a failure of internal controls? Explain.
Assume Ethan sets a meeting with Vick in two days to follow-up on his request. Vick has decided not to be part of the cover-up. Use the GVV framework to help Vick prepare for the meeting. Consider the following:
What should Vick say to counteract Ethan's request?
How might Vick's intended action affect the company and the external auditors?
Who can Vick go to for support?
Assume Ethan gets upset after the meeting and decides to fire Vick. He tells Vick to leave quietly or Ethan will disclose the $20,000 fraud. What should Vick do next?
Problem 2: Write a 1-2 page analysis according to the Business Brief Guidelines. Complete sentences must be used
Your analysis must be written using a concise writing style. Your Business Brief should incorporate all of the following instructions:
a. An opening paragraph briefly introducing the problem situation.
b. Analysis header - The analytical section should include a discussion of the problem results as identified in the problem requirements.
c. Conclusion header - This section should be based on the analytical requirement(s) that solicit your opinion regarding the problem. You should provide only key, relevant information and logical discussion in support of your opinion.
d. APA citation(s) and reference(s).
APA Guidelines: source for the writing and citations format is the Publication Manual of the American Psychological Association (Sixth Edition). Your paper must adhere to the accepted standards of writing, grammar, spelling, and mechanics. Also, a separate reference page must be included along with, where appropriate, citations. Citations and references are an important issue related to academic integrity.
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Attachment:- Case Study-Loyalty and Fraud Reporting.rar