Identify a case of corporate fraud by finding a current event or by researching historical cases. After finding a case, complete the following in your initial discussion post: Briefly summarize the case, including what happened, who was involved, and what damages were incurred. Note how the fraud was detected and discuss any red flags that appeared prior to detection. Could an accounting and finance system have helped deter this fraud? If yes, how? If no, why not? Are there any specific business policies and procedures that could have been in place that would have prevented the fraud from occurring? Explain.

Respond to the following in a minimum of 175 words: Discuss how economics plays a vital role in shaping public discussion in the following policy areas: Household taxation Business taxation Import taxation (tariffs) Provide several examples of how economics plays a role in policy or public discussion related to your career. Why is understanding economics important for you?