Essay Assignment: Financial Statement Fraud and Other Types of Fraud
Length: 6 pages.
Read the following article:
Suh, I., Sweeney, J. T., Linke, K., & Wall, J. M. (2018). Boiling the frog slowly: The immersion of C-suite financial executives into fraud. Journal of Business Ethics, 1-29.
Prepare a detailed analysis of the article by incorporating your responses to the following questions in well-developed paragraphs (do not use a question-answer format).
1) How is financial statement fraud committed on behalf of an organization different from fraud committed against an organization (such as embezzlement)? In your write-up, include how the different types of fraud are committed, who usually commits each type, and who benefits from the fraud.
2) The interviewees in the article were financial executives who became involved in accounting fraud PRIOR TO the enactment of the Sarbanes-Oxley Act (SOX). Discuss the impact that SOX would have had on the executives interviewed in the article.
3) Discuss the positive and negative effects of regulations on combatting fraud.
Format your assignment according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Chapter 11 & Appendix A to Chapter 11 in Fraud Examination
Cresswell, R., & McNeal, A. (2018). What's your fraud IQ? Journal of Accountancy, 226(5), 28-31.
Serrano-Cinca, C., Gutiérrez-Nieto, B., & Bernate-Valbuena, M. (in press). The use of accounting anomalies indicators to predict business failure. European Management Journal. doi.org/10.1016/j.emj.2018.10.006
Albrecht, W. S., Albrecht, C. O, Albrecht, C. C., & Zimbelman, M. F. (2019). Fraud examination (6th ed.). Boston, MA: Cengage Learning.
American Institute of Certified Public Accountants (AICPA). (2016). Consideration of fraud in a financial statement audit.
Association of Certified Fraud Examiners. (2018). Report to the nations: 2018 global study on occupational fraud and abuse.
Streif, J., Traina, L., & Ursillo Jr., S. (2017, February). Top cybercrimes white paper: How CPAs can protect themselves and their clients.