Question -
1) Discuss the role and responsibility of management to detect and prevent fraud in an organization. Suggest what steps management should take when fraud is detected. Provide specific examples to support your response.
2) Propose a strategy that you believe would be the most effective approach for preventing fraud within an organization. Explain your rationale.
3) Analyze the key factors that allowed the embezzlement event to occur. Determine the impact of the embezzlement to all stakeholders involved.
4) Predict what the probability would be of this situation happening again. Then, suggest what management can do to prevent future embezzlement. Provide specific examples to support your response.