Question Description
I'm working on a accounting discussion question and need a sample draft to help me understand better.
Everyone is aware of well-known "textbook" fraud cases such as Enron and WorldCom. Many such cases happened almost 20 years ago; to begin our study of accounting fraud, let's conduct research to gain an understanding of more recent fraud cases that have made the news. Search current news to find an article regarding a company that experienced an accounting fraud incident in the last two years. Briefly review the article and include the proper APA citation as part of your posting.Incorporate the following information into your initial response:Based on your reading of the assigned chapters, identify the type of fraud that occurred.Note the events that contributed to the fraud.Identify the key players.Discuss the outcome or results of the fraud.Recommend changes that should be made in the control environment to prevent this type of fraud from occurring again.
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.Hi, I finished. Please check my work and contact me if you have any doubts.It actually resulted a little longer since 250 words are not enough for explaining complex accounting cases. The total word count is 445. I don't know if it is OK or not. I also used 3 references which are quoted using APA style.
Sadly, accounting scandals involving large corporations keep occurring and probably one
of the reasons why they keep happening is the way the people involved are punished. Managers
or directors of large corporations that make millions of dollars due to illegal practices are
generally only forced to return money, and not necessarily all th...