1) Name the three main headings and 14 subheadings of the management antifraud programs and controls. Briefly explain each of these subheadings.
2) In the 1987 Report of the National Commission on Fraudulent Financial Reporting (the Treadway Commission Report), the Commission studied the financial reporting system in the United States to identify causal factors that can lead to fraudulent financial reporting and steps to reduce its incidence. Briefly outline and discuss the key recommendations of the Treadway Commission.