Question: Prepare a detailed analysis of financial statement fraud by incorporating your responses to the following questions in well-developed paragraphs (do not use a question-answer format).
What factors contributed to the "perfect fraud storm" at the turn of the century?
What efforts have been made since to mitigate these factors?
In what ways did the organizations involved in the fraud attempt to conceal it in the financial statements? How were these exposed and how could they have been identified sooner?
According to the literature, which groups of people are more prone to committing financial statement fraud, and what are their motivations?
Requirements: Write a paper of 4-6 pages in length (double-spaced), not counting the title and reference pages, which you must include. Use terms, evidence, and concepts from class readings, including professional business language.
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