Analyzing causes of financial statement fraud at diamond

Question

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 located in your Syllabus.

Prepare a 2-3 page paper in APA format and checklist items.

Checklist:

Generally, what are the three groups of people who commit financial statement fraud?

Discuss the reasons why each group may be motivated to commit fraud

Next, discuss the three general ways that financial statement fraud is committed

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.

Answer 1

The assignment illustrated here mainly focuses on examining the Causes of Financial Statement Fraud at Diamond Foods. Read the case study and submit a 2 to 3 page paper in the APA format and checklist the items. Checklist: 1) Usually, Illustrate the three groups of people who commit the financial statement fraud? 2) Illustrate the reasons why each and every group might be encouraged to commit the fraud. 3) Subsequently, illustrate the three general manners that financial statement fraud is committed. 4) Make use of the information you have gathered in requirements 1 through 3 to examine the Diamond Foods case study and find out the causes of the financial statement fraud which occurred at this company.