Assignment: Analyzing Causes Of Financial Statement Fraud At Diamond Foods
Even though misappropriation of assets fraud schemes are much more common, financial statement fraud causes huge losses for the victims: investors, employees, and even the financial markets. It is crucial for fraud examiners and forensic accountants to understand the reasons that financial statement fraud is committed. Additionally, this type of fraud is not easily observed, so auditors must be able to recognize the existence of red flags that may indicate fraud.
Read the Diamond Foods case study using the link in your Syllabus.
Prepare a 2-3 page paper in APA format and checklist items. Checklist:
1. Generally, what are the three groups of people who commit financial statement fraud?
2. Discuss the reasons why each group may be motivated to commit fraud.
3. Next, discuss the three general ways that financial statement fraud is committed.
4. Use the information you have collected in requirements 1 through 3 to analyze the Diamond Foods case study and determine the causes of the financial statement fraud that occurred at this company.
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 include 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.