• When a company has a strong internal control structure, stockholders can expect the elimination of fraud. Comment on the soundness of this statement.
• Distinguish between employee fraud and management fraud.
• The estimates of losses annually resulting from computer fraud vary widely. Why do you think obtaining a good estimate of this figure is difficult?
• How has the Sarbanes-Oxley Act had a significant impact on corporate governance?
• Discuss the concept of exposure and explain why firms may tolerate some exposure.